State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB)
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $33.11, up 0.06% on the session, giving a market capitalisation of $11.56B. Its beta of 0.69 implies it has historically moved less than the broad market.
The State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is a cost-effective exchange-traded fund, part of a core suite of SPDR Portfolio products. Its primary objective is to closely mirror the price and yield performance of the Bloomberg Intermediate US Corporate Index, before factoring in fees and expenses. SPIB provides targeted and broad exposure to U.S. corporate bonds with maturities spanning from one year to just under ten years. The underlying Index consists exclusively of investment-grade, fixed-rate, taxable, U.S. dollar-denominated corporate debt, requiring each bond issue to have at least $300 million in par value outstanding. The Index is weighted by market capitalization and is rebalanced on the final business day of every month.
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF is most often compared with the following Financial Services names: