SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Shares Down 0.1% – Here’s What Happened

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

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

The business’s 50-day moving average is $32.98 and its 200-day moving average is $33.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPIB. Captrust Financial Advisors grew its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.9% during the third quarter. Captrust Financial Advisors now owns 39,305 shares of the company’s stock valued at $1,325,000 after buying an additional 343 shares during the last quarter. NBC Securities Inc. boosted its holdings in 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 period. Richardson Financial Services Inc. grew 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 worth $101,000 after purchasing an additional 795 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 13.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,780 shares of the company’s stock valued at $224,000 after buying an additional 812 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 33.2% in the 2nd quarter. Wetzel Investment Advisors Inc. now owns 3,389 shares of the company’s stock worth $111,000 after purchasing an additional 844 shares in the last quarter.

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.