SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sets New 1-Year Low – Time to Sell?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $24.17 and last traded at $24.2450, with a volume of 80955 shares traded. The stock had previously closed at $24.30.

SPDR Portfolio Aggregate Bond ETF Stock Performance

The stock has a 50 day moving average price of $24.90 and a 200-day moving average price of $25.26.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPAB. Cerity Partners LLC raised its stake in shares of 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 valued at $300,742,000 after acquiring an additional 604,379 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in SPDR Portfolio Aggregate Bond ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,857,952 shares of the company’s stock valued at $251,575,000 after purchasing an additional 67,300 shares during the period. Bank of America Corp DE grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 23.5% in the 1st quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock worth $149,692,000 after buying an additional 1,112,552 shares during the last quarter. Tobias Financial Advisors Inc. grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% in the 2nd 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, Wealthcare Advisory Partners LLC increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 6.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 3,206,173 shares of the company’s stock valued at $81,822,000 after buying an additional 190,995 shares during the period.

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.