SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Hits New 1-Year High – Should You Buy?

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $33.92 and last traded at $33.90, with a volume of 1157992 shares traded. The stock had previously closed at $33.78.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Up 0.2%

The business’s fifty day simple moving average is $33.55 and its 200 day simple moving average is $33.26.

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

A number of hedge funds have recently added to or reduced their stakes in SPIB. Municipal Employees Retirement System of Michigan grew its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 7,799.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,968,096 shares of the company’s stock worth $435,469,000 after acquiring an additional 12,803,930 shares during the last quarter. American Family Investments Inc. bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth about $178,108,000. Ameriprise Financial Inc. grew its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock worth $181,617,000 after acquiring an additional 2,537,710 shares during the last quarter. RMG Wealth Management LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth about $23,597,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 1st quarter worth about $15,050,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.