SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sets New 52-Week High – Time to Buy?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $26.16 and last traded at $26.1550, with a volume of 708378 shares trading hands. The stock had previously closed at $26.09.

SPDR Portfolio Aggregate Bond ETF Price Performance

The business’s 50-day moving average price is $25.85 and its two-hundred day moving average price is $25.84.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.082 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in SPAB. State Street Corp increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the 2nd quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after acquiring an additional 12,031,034 shares during the last quarter. LPL Financial LLC boosted its position in shares of SPDR Portfolio Aggregate Bond ETF by 7.0% in the fourth 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 last quarter. CWM LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 7.0% in the fourth quarter. CWM LLC now owns 18,193,758 shares of the company’s stock valued at $468,489,000 after purchasing an additional 1,197,111 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its position in 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 worth $391,691,000 after purchasing an additional 1,045,991 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 5.5% during the fourth quarter. Cerity Partners LLC now owns 11,679,296 shares of the company’s stock worth $300,742,000 after purchasing an additional 604,379 shares during the period.

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.