Independent Wealth Network Inc. Sells 76,568 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Independent Wealth Network Inc. decreased its position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 40.4% during the first quarter, Holdings Channel reports. The institutional investor owned 112,929 shares of the company’s stock after selling 76,568 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up approximately 0.9% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 23rd biggest position. Independent Wealth Network Inc.’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $2,893,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPAB. Auour Investments LLC increased its stake in SPDR Portfolio Aggregate Bond ETF by 2.5% in the 1st quarter. Auour Investments LLC now owns 153,769 shares of the company’s stock worth $3,940,000 after buying an additional 3,794 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF in the first quarter valued at about $46,000. Apella Capital LLC lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 35.2% in the first quarter. Apella Capital LLC now owns 1,807,132 shares of the company’s stock valued at $46,534,000 after acquiring an additional 470,528 shares in the last quarter. Trinity Wealth Management LLC boosted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 7.2% in the first quarter. Trinity Wealth Management LLC now owns 1,356,451 shares of the company’s stock worth $34,752,000 after acquiring an additional 90,978 shares during the period. Finally, Certified Advisory Corp boosted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 0.8% in the first quarter. Certified Advisory Corp now owns 225,255 shares of the company’s stock worth $5,771,000 after acquiring an additional 1,836 shares during the period.

SPDR Portfolio Aggregate Bond ETF Trading Up 0.0%

NYSEARCA:SPAB opened at $25.58 on Friday. SPDR Portfolio Aggregate Bond ETF has a 12-month low of $25.14 and a 12-month high of $26.17. The stock has a 50-day moving average price of $25.49 and a 200 day moving average price of $25.67.

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.