SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Hits New 52-Week Low – Here’s What Happened

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $21.34 and last traded at $21.35, with a volume of 2582273 shares traded. The stock had previously closed at $21.53.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 0.8%

The company has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $22.31.

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

A number of institutional investors have recently bought and sold shares of the business. HF Advisory Group LLC boosted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 4.5% in the fourth quarter. HF Advisory Group LLC now owns 14,961 shares of the company’s stock valued at $338,000 after purchasing an additional 639 shares during the period. Guidance Capital Inc. raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 4.8% during the 4th quarter. Guidance Capital Inc. now owns 18,670 shares of the company’s stock valued at $426,000 after purchasing an additional 851 shares in the last quarter. Sanctuary Advisors LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 1.9% during the 4th quarter. Sanctuary Advisors LLC now owns 49,257 shares of the company’s stock valued at $1,112,000 after purchasing an additional 901 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% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after buying an additional 1,134 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter worth $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.