SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Reaches New 12-Month Low – Here’s Why

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) hit a new 52-week low on Wednesday . The company traded as low as $32.84 and last traded at $32.8350, with a volume of 2266464 shares trading hands. The stock had previously closed at $32.89.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.5%

The firm’s 50 day simple moving average is $33.12 and its 200-day simple moving average is $33.38.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Large investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth approximately $28,000. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $28,000. Compass Financial Management LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at $36,000. WFA of San Diego LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth $40,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth $104,000.

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.