SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sets New 52-Week High at $33.86

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $33.86 and last traded at $33.75, with a volume of 48579 shares traded. The stock had previously closed at $33.77.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

The business has a 50 day moving average of $33.28 and a 200 day moving average of $32.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Link Financial Advisors LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% in the 2nd quarter. True Link Financial Advisors LLC now owns 1,668,034 shares of the company’s stock valued at $54,311,000 after purchasing an additional 73,049 shares during the last quarter. ST Germain D J Co. Inc. increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 704,490 shares of the company’s stock valued at $22,938,000 after acquiring an additional 14,935 shares during the period. Duff & Phelps Investment Management Co. lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.1% in the second quarter. Duff & Phelps Investment Management Co. now owns 358,315 shares of the company’s stock worth $11,667,000 after acquiring an additional 3,860 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter valued at about $11,490,000. Finally, OLD Mission Capital LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth $10,909,000.

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.