MAI Capital Management Boosts Stake in SPDR Portfolio Aggregate Bond ETF $SPAB

MAI Capital Management raised its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,850,212 shares of the company’s stock after purchasing an additional 134,894 shares during the quarter. MAI Capital Management owned 0.54% of SPDR Portfolio Aggregate Bond ETF worth $47,828,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. purchased a new stake in SPDR Portfolio Aggregate Bond ETF during the third quarter worth about $26,000. Franklin Resources Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth $26,000. Collier Financial purchased a new stake in SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth about $32,000. Steward Partners Investment Advisory LLC raised its position in 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 purchasing an additional 675 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at about $52,000.

SPDR Portfolio Aggregate Bond ETF Price Performance

Shares of SPDR Portfolio Aggregate Bond ETF stock opened at $26.07 on Wednesday. The business has a 50-day simple moving average of $25.84 and a 200-day simple moving average of $25.83. SPDR Portfolio Aggregate Bond ETF has a one year low of $24.82 and a one year high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.082 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis 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.