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

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) reached a new 52-week low on Monday . The stock traded as low as $21.73 and last traded at $21.75, with a volume of 158982 shares trading hands. The stock had previously closed at $21.82.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

The stock has a 50-day moving average of $22.79 and a two-hundred day moving average of $23.22.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of SPLB. Integrated Wealth Concepts LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 2.3% in the third quarter. Integrated Wealth Concepts LLC now owns 43,296 shares of the company’s stock worth $1,046,000 after acquiring an additional 986 shares during the period. Transcendent Capital Group LLC grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 130.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 4,071 shares of the company’s stock valued at $98,000 after purchasing an additional 2,301 shares during the period. Westside Investment Management Inc. increased its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 63.8% during the 3rd quarter. Westside Investment Management Inc. now owns 8,423 shares of the company’s stock valued at $204,000 after purchasing an additional 3,282 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 43.5% in 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 period. Finally, Private Trust Co. NA grew its position in SPDR Portfolio Long Term Corporate Bond ETF by 30.1% during the third quarter. Private Trust Co. NA now owns 32,723 shares of the company’s stock valued at $791,000 after buying an additional 7,574 shares during the period.

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.