SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sets New 52-Week Low – Here’s What Happened

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares reached a new 52-week low on Friday . The company traded as low as $25.07 and last traded at $25.08, with a volume of 5446529 shares traded. The stock had previously closed at $25.16.

SPDR Portfolio Aggregate Bond ETF Stock Down 0.4%

The firm has a 50 day moving average of $25.37 and a two-hundred day moving average of $25.59.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in SPAB. Brookwood Investment Group LLC raised its position in SPDR Portfolio Aggregate Bond ETF by 4.2% during the fourth quarter. Brookwood Investment Group LLC now owns 9,719 shares of the company’s stock worth $250,000 after acquiring an additional 389 shares during the last quarter. Rossby Financial LCC increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 43.5% during the 4th quarter. Rossby Financial LCC now owns 1,293 shares of the company’s stock worth $33,000 after purchasing an additional 392 shares in the last quarter. Gould Capital LLC lifted its stake in SPDR Portfolio Aggregate Bond ETF by 44.0% in the 4th quarter. Gould Capital LLC now owns 1,440 shares of the company’s stock valued at $37,000 after buying an additional 440 shares in the last quarter. Garrett Wealth Advisory Group LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 2.7% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 19,326 shares of the company’s stock valued at $498,000 after buying an additional 516 shares during the last quarter. Finally, Visionary Wealth Advisors increased its position in SPDR Portfolio Aggregate Bond ETF by 1.0% during the second quarter. Visionary Wealth Advisors now owns 54,919 shares of the company’s stock worth $1,406,000 after buying an additional 558 shares in the last quarter.

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.