Arete Wealth Advisors LLC Purchases 41,713 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Arete Wealth Advisors LLC grew its position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 3.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,127,266 shares of the company’s stock after buying an additional 41,713 shares during the quarter. SPDR Portfolio Aggregate Bond ETF comprises about 1.8% of Arete Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. Arete Wealth Advisors LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $29,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SPAB. FAS Wealth Partners Inc. bought a new position in SPDR Portfolio Aggregate Bond ETF during the third quarter worth $26,000. Franklin Resources Inc. acquired a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth $26,000. Collier Financial bought a new position in shares of SPDR Portfolio Aggregate Bond ETF in the 3rd quarter worth about $32,000. Bare Financial Services Inc bought a new position in shares of SPDR Portfolio Aggregate Bond ETF in the 3rd quarter worth about $32,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 113.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.3%

NYSEARCA:SPAB opened at $26.16 on Friday. The stock has a 50 day moving average of $25.85 and a 200-day moving average of $25.84. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.82 and a 52 week high of $26.17.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.082 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.