Gradient Investments LLC Buys New Position in SPDR Portfolio Aggregate Bond ETF $SPAB

Gradient Investments LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) during the third quarter, Holdings Channel reports. The institutional investor acquired 2,457,803 shares of the company’s stock, valued at approximately $59,872,000. SPDR Portfolio Aggregate Bond ETF comprises 0.9% of Gradient Investments LLC’s portfolio, making the stock its 24th largest position.

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 9,857,952 shares of the company’s stock worth $251,575,000 after buying an additional 67,300 shares in the last quarter. Bank of America Corp DE boosted its stake in SPDR Portfolio Aggregate Bond ETF by 23.5% in the first quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock valued at $149,692,000 after acquiring an additional 1,112,552 shares in the last quarter. Tobias Financial Advisors Inc. grew its stake in SPDR Portfolio Aggregate Bond ETF by 6.0% during the 2nd quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock worth $113,006,000 after buying an additional 249,337 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in SPDR Portfolio Aggregate Bond ETF by 6.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,206,173 shares of the company’s stock worth $81,822,000 after purchasing an additional 190,995 shares during the period. Finally, Cornerstone Advisors Asset Management LLC grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 50.8% during the second quarter. Cornerstone Advisors Asset Management LLC now owns 2,534,062 shares of the company’s stock worth $64,669,000 after buying an additional 853,146 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.2%

SPAB traded up $0.06 on Thursday, hitting $24.36. 11,079,987 shares of the company traded hands, compared to its average volume of 3,268,468. SPDR Portfolio Aggregate Bond ETF has a 12-month low of $24.17 and a 12-month high of $26.17. The company has a 50 day moving average of $24.88 and a 200-day moving average of $25.25.

SPDR Portfolio Aggregate Bond ETF Company Profile

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.