SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Stock Price Down 0.1% – Time to Sell?

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) shares traded down 0.1% during mid-day trading on Friday . The company traded as low as $32.73 and last traded at $32.73. 3,572,478 shares traded hands during trading, a decline of 29% from the average session volume of 5,022,889 shares. The stock had previously closed at $32.76.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The firm has a 50 day moving average price of $32.98 and a 200 day moving average price of $33.12.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Several hedge funds have recently modified their holdings of SPIB. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth $69,000. Richardson Financial Services Inc. lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 34.3% during the second quarter. Richardson Financial Services Inc. now owns 3,115 shares of the company’s stock valued at $101,000 after buying an additional 795 shares during the last quarter. Wetzel Investment Advisors Inc. lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 33.2% during the second quarter. Wetzel Investment Advisors Inc. now owns 3,389 shares of the company’s stock valued at $111,000 after buying an additional 844 shares during the last quarter. NBC Securities Inc. grew its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 22.2% in the 3rd quarter. NBC Securities Inc. now owns 3,646 shares of the company’s stock worth $122,000 after buying an additional 663 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 145.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,014 shares of the company’s stock worth $169,000 after acquiring an additional 2,972 shares in the last quarter.

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.