SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $32.61 and traded as high as $32.67. SPDR Portfolio Intermediate Term Corporate Bond ETF shares last traded at $32.62, with a volume of 10,274,398 shares traded.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.2%

The stock’s fifty day simple moving average is $32.61 and its two-hundred day simple moving average is $33.29.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. RMG Wealth Management LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the first quarter worth approximately $29,366,000. Bartlett & CO. Wealth Management LLC raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock valued at $28,408,000 after acquiring an additional 172,378 shares during the period. Your Advocates Ltd. LLP raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 9.0% in the 1st quarter. Your Advocates Ltd. LLP now owns 682,626 shares of the company’s stock valued at $22,895,000 after acquiring an additional 56,649 shares during the period. GoalVest Advisory LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at $20,723,000. Finally, Manning & Napier Advisors LLC lifted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock valued at $21,076,000 after acquiring an additional 479,097 shares in the last quarter.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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. SPIB was launched on Feb 10, 2009 and is managed by State Street.