SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $24.96 and last traded at $24.98, with a volume of 68597 shares changing hands. The stock had previously closed at $25.10.
SPDR Portfolio Aggregate Bond ETF Trading Up 0.1%
The stock has a 50-day moving average of $25.22 and a 200 day moving average of $25.47.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MLG Wealth Management DBA Pine Grove Financial Group bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter valued at approximately $234,000. Brown Lisle Cummings Inc. grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 679.1% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 13,984 shares of the company’s stock worth $357,000 after buying an additional 12,189 shares during the period. Tucker Asset Management LLC grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 496.0% during the 2nd quarter. Tucker Asset Management LLC now owns 24,068 shares of the company’s stock worth $614,000 after buying an additional 20,030 shares during the period. Tobias Financial Advisors Inc. raised its stake in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% during the second quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock worth $113,006,000 after buying an additional 249,337 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $200,000.
SPDR Portfolio Aggregate Bond ETF Company 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.
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