SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB – Get Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $21.09 and last traded at $21.0950, with a volume of 146856 shares traded. The stock had previously closed at $21.27.
SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.8%
The company’s 50-day simple moving average is $21.58 and its two-hundred day simple moving average is $22.08.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. SHP Wealth Management purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at about $1,047,000. Thrivent Financial for Lutherans lifted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,038,108 shares of the company’s stock worth $23,575,000 after buying an additional 40,937 shares during the period. Econ Financial Services Corp purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the first quarter worth about $5,343,000. Sanctuary Advisors LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 64.1% during the 1st quarter. Sanctuary Advisors LLC now owns 80,815 shares of the company’s stock valued at $1,796,000 after acquiring an additional 31,558 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter valued at approximately $8,660,000.
About SPDR Portfolio Long Term Corporate Bond ETF
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.
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