SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Share Price Breaks Below Fifty Day Moving Average – Here’s What Happened

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $32.53 and traded as low as $32.46. SPDR Portfolio Intermediate Term Corporate Bond ETF shares last traded at $32.51, with a volume of 10,124,503 shares trading hands.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

The business has a 50 day simple moving average of $32.51 and a 200 day simple moving average of $33.23.

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

Hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter valued at approximately $564,767,000. RMG Wealth Management LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 1st quarter worth $29,366,000. Bartlett & CO. Wealth Management LLC increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock worth $28,408,000 after purchasing an additional 172,378 shares during the last quarter. Your Advocates Ltd. LLP acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth $24,316,000. Finally, GoalVest Advisory LLC raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 3.4% during the 2nd quarter. GoalVest Advisory LLC now owns 632,007 shares of the company’s stock valued at $21,147,000 after purchasing an additional 20,938 shares in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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