SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Large Volume Increase – Should You Buy?

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw strong trading volume on Monday . 13,564,973 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 5,660,831 shares.The stock last traded at $33.8350 and had previously closed at $33.85.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

The firm has a 50-day simple moving average of $33.83 and a 200 day simple moving average of $33.76.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at $28,000. Fortitude Family Office LLC purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at about $29,000. First Community Trust NA acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at about $34,000. Finally, WFA of San Diego LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth about $40,000.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.