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

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) fell 0.3% during trading 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 simple moving average of $22.89 and a two-hundred day simple moving average of $23.26.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 130.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 4,071 shares of the company’s stock valued at $98,000 after buying an additional 2,301 shares in the last quarter. Westside Investment Management Inc. boosted 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 acquiring an additional 3,282 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 43.5% in the third quarter. IHT Wealth Management LLC now owns 20,965 shares of the company’s stock valued at $507,000 after purchasing an additional 6,354 shares during the period. RiverFront Investment Group LLC acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the second quarter worth about $502,000. Finally, Private Trust Co. NA raised its stake 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 worth $791,000 after purchasing 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.