SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sets New 1-Year Low – Here’s Why

Shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) hit a new 52-week low during trading on Wednesday. The stock traded as low as $24.67 and last traded at $24.6550, with a volume of 223052 shares traded. The stock had previously closed at $24.81.

SPDR Portfolio Aggregate Bond ETF Price Performance

The stock’s 50 day simple moving average is $25.03 and its two-hundred day simple moving average is $25.34.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 7.0% during the 4th quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock worth $605,521,000 after acquiring an additional 1,545,797 shares during the period. Cerity Partners LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 5.5% in the 4th quarter. Cerity Partners LLC now owns 11,679,296 shares of the company’s stock valued at $300,742,000 after acquiring an additional 604,379 shares during the period. Envestnet Asset Management Inc. lifted its holdings in 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 valued at $251,575,000 after purchasing an additional 67,300 shares during the last quarter. Bank of America Corp DE lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 23.5% during 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 purchasing an additional 1,112,552 shares during the last quarter. Finally, Tobias Financial Advisors Inc. lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 6.0% during the second quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock valued at $113,006,000 after purchasing an additional 249,337 shares during the last quarter.

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.