SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Reaches New 1-Year Low – Time to Sell?

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) hit a new 52-week low during trading on Thursday . The stock traded as low as $21.09 and last traded at $21.0950, with a volume of 146856 shares changing hands. The stock had previously closed at $21.27.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

The company’s 50-day simple moving average is $21.53 and its 200 day simple moving average is $22.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPLB. NewEdge Advisors LLC raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 117,759 shares of the company’s stock valued at $2,638,000 after purchasing an additional 480 shares in the last quarter. Triumph Capital Management increased its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 31.7% in the 2nd quarter. Triumph Capital Management now owns 3,913 shares of the company’s stock valued at $88,000 after buying an additional 942 shares during the period. HF Advisory Group LLC raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.8% in the 2nd quarter. HF Advisory Group LLC now owns 15,418 shares of the company’s stock valued at $345,000 after buying an additional 982 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after acquiring an additional 1,134 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter worth about $29,000.

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.