Sax Wealth Advisors LLC Makes New Investment in SPDR Portfolio Aggregate Bond ETF $SPAB

Sax Wealth Advisors LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 32,430 shares of the company’s stock, valued at approximately $835,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 5.1% during the 3rd quarter. Cerity Partners LLC now owns 11,074,917 shares of the company’s stock valued at $286,287,000 after purchasing an additional 541,686 shares during the period. ERn Financial LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 30.7% in the 3rd quarter. ERn Financial LLC now owns 318,924 shares of the company’s stock worth $8,244,000 after buying an additional 74,825 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 3rd quarter worth approximately $2,661,000. Americana Partners LLC grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 12.6% in the 3rd quarter. Americana Partners LLC now owns 1,082,531 shares of the company’s stock worth $27,983,000 after buying an additional 120,970 shares during the last quarter. Finally, Algorithmic Investment Models LLC grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 5.2% in the 3rd quarter. Algorithmic Investment Models LLC now owns 608,102 shares of the company’s stock worth $15,719,000 after buying an additional 30,221 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Price Performance

SPAB opened at $25.43 on Friday. The stock’s 50 day moving average price is $25.82 and its 200-day moving average price is $25.85. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $24.82 and a 52-week high of $26.17.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0832 dividend. This represents a c) annualized dividend and a yield of 3.9%. This is an increase from SPDR Portfolio Aggregate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, March 2nd.

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.