SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Stock Price Down 0.3% – Should You Sell?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB)’s share price fell 0.3% on Friday . The stock traded as low as $22.15 and last traded at $22.18. 1,091,394 shares were traded during mid-day 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 Stock Down 0.3 %

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPLB. JPMorgan Chase & Co. raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 27.7% during the third quarter. JPMorgan Chase & Co. now owns 128,689 shares of the company’s stock worth $3,109,000 after acquiring an additional 27,936 shares during the period. Westside Investment Management Inc. increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% during the third quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock worth $204,000 after purchasing an additional 3,282 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 43.5% during the 3rd quarter. IHT Wealth Management LLC now owns 20,965 shares of the company’s stock worth $507,000 after purchasing an additional 6,354 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 2.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 43,296 shares of the company’s stock valued at $1,046,000 after buying an additional 986 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at about $3,240,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.