SPDR Portfolio Aggregate Bond ETF $SPAB Stock: Tennessee Valley Asset Management Partners Grows Stake

Tennessee Valley Asset Management Partners grew its stake in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 723,467 shares of the company’s stock after purchasing an additional 29,814 shares during the quarter. SPDR Portfolio Aggregate Bond ETF makes up approximately 1.9% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 10th largest position. Tennessee Valley Asset Management Partners’ holdings in SPDR Portfolio Aggregate Bond ETF were worth $17,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new position in SPDR Portfolio Aggregate Bond ETF in the 1st quarter worth about $27,000. Compass Financial Management LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at about $29,000. Beacon Financial Strategies CORP purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at about $33,000. Heritage Family Offices LLP purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 3rd quarter valued at about $47,000. Finally, Triumph Capital Management grew its stake in SPDR Portfolio Aggregate Bond ETF by 90.0% in the 2nd quarter. Triumph Capital Management now owns 1,970 shares of the company’s stock worth $50,000 after acquiring an additional 933 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Price Performance

SPAB stock traded down $0.02 during mid-day trading on Friday, reaching $24.87. The company had a trading volume of 16,432,085 shares, compared to its average volume of 3,366,386. The firm has a 50 day moving average of $24.66 and a 200 day moving average of $25.31. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.17 and a 12 month high of $26.17.

SPDR Portfolio Aggregate Bond ETF 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.