SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Strong Trading Volume – Time to Buy?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares saw unusually-strong trading volume on Friday . Approximately 11,869,107 shares changed hands during mid-day trading, an increase of 267% from the previous session’s volume of 3,230,269 shares.The stock last traded at $25.17 and had previously closed at $25.10.

SPDR Portfolio Aggregate Bond ETF Price Performance

The business has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $25.57.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Kagan Cocozza Asset Management boosted its position in SPDR Portfolio Aggregate Bond ETF by 15.9% during the 4th quarter. Kagan Cocozza Asset Management now owns 742,520 shares of the company’s stock valued at $19,120,000 after purchasing an additional 101,907 shares during the period. Tennessee Valley Asset Management Partners lifted its stake in SPDR Portfolio Aggregate Bond ETF by 9.9% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 412,025 shares of the company’s stock valued at $10,610,000 after buying an additional 37,063 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 764.3% during the fourth quarter. Belpointe Asset Management LLC now owns 146,238 shares of the company’s stock valued at $3,766,000 after acquiring an additional 129,319 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 7.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,211,308 shares of the company’s stock valued at $391,691,000 after acquiring an additional 1,045,991 shares during the period. Finally, Mueller Wealth LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the fourth quarter worth about $19,613,000.

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.