SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Hits New 52-Week Low – Here’s Why

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $24.90 and last traded at $24.9150, with a volume of 1825489 shares traded. The stock had previously closed at $24.98.

SPDR Portfolio Aggregate Bond ETF Price Performance

The firm’s fifty day moving average price is $25.17 and its 200 day moving average price is $25.44.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

A number of institutional investors have recently made changes to their positions in the business. Rossby Financial LCC raised its stake in shares of SPDR Portfolio Aggregate Bond ETF by 43.5% in the fourth quarter. Rossby Financial LCC now owns 1,293 shares of the company’s stock worth $33,000 after purchasing an additional 392 shares during the last quarter. Gould Capital LLC boosted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 44.0% in the fourth quarter. Gould Capital LLC now owns 1,440 shares of the company’s stock worth $37,000 after buying an additional 440 shares during the last quarter. Visionary Wealth Advisors increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 1.0% in the 2nd quarter. Visionary Wealth Advisors now owns 54,919 shares of the company’s stock valued at $1,406,000 after purchasing an additional 558 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 0.9% during the second quarter. Smartleaf Asset Management LLC now owns 79,582 shares of the company’s stock valued at $2,030,000 after purchasing an additional 676 shares in the last quarter. Finally, Wealthspire Retirement LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 1.3% in the 4th quarter. Wealthspire Retirement LLC now owns 55,194 shares of the company’s stock valued at $1,421,000 after purchasing an additional 713 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.