SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Hits New 1-Year Low – What’s Next?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPABGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.96 and last traded at $24.98, with a volume of 68597 shares. The stock had previously closed at $25.10.

SPDR Portfolio Aggregate Bond ETF Price Performance

The business has a fifty day moving average price of $25.24 and a 200 day moving average price of $25.49.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position 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 worth $605,024,000 after buying an additional 12,031,034 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock valued at $605,521,000 after buying an additional 1,545,797 shares during the last quarter. Donoghue Forlines LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF in the 4th quarter valued at $32,772,000. Bank of America Corp DE raised its stake in SPDR Portfolio Aggregate Bond ETF by 23.5% during the 1st quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock worth $149,692,000 after acquiring an additional 1,112,552 shares in the last quarter. Finally, Cornerstone Advisors Asset Management LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 50.8% during the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 2,534,062 shares of the company’s stock worth $64,669,000 after acquiring an additional 853,146 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

(Get Free Report)

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.

Further Reading

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