SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Stock Price Down 0.3% – Here’s Why

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) shares fell 0.3% on Friday . The company traded as low as $22.15 and last traded at $22.18. 1,091,394 shares changed hands during trading, a decline of 1% from the average session volume of 1,104,597 shares. The stock had previously closed at $22.24.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The business has a fifty day moving average of $22.89 and a 200-day moving average of $23.26.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SPLB. Transcendent Capital Group LLC raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 130.0% during the third quarter. Transcendent Capital Group LLC now owns 4,071 shares of the company’s stock worth $98,000 after purchasing an additional 2,301 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% during the 3rd quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock valued at $204,000 after purchasing an additional 3,282 shares during the period. IHT Wealth Management LLC raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 43.5% in the 3rd quarter. IHT Wealth Management LLC now owns 20,965 shares of the company’s stock worth $507,000 after buying an additional 6,354 shares in the last quarter. RiverFront Investment Group LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 2nd quarter worth $502,000. Finally, Private Trust Co. NA lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 30.1% in the third quarter. Private Trust Co. NA now owns 32,723 shares of the company’s stock valued at $791,000 after buying an additional 7,574 shares during the period.

About SPDR Portfolio Long Term Corporate Bond ETF

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.