SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Hits New 12-Month Low – Here’s Why

Shares of SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) reached a new 52-week low on Monday . The stock traded as low as $21.29 and last traded at $21.30, with a volume of 35274 shares trading hands. The stock had previously closed at $21.36.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The company’s 50-day simple moving average is $21.94 and its 200-day simple moving average is $22.26.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter worth $29,000. Fifth Third Bancorp acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter valued at approximately $31,000. Richard W. Paul & Associates LLC boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the fourth quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock valued at $38,000 after buying an additional 1,318 shares in the last quarter. International Assets Investment Management LLC acquired a new position in SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter worth $41,000. Finally, Smartleaf Asset Management LLC grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after acquiring an additional 1,134 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.