Gradient Investments LLC Sells 1,362,733 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Gradient Investments LLC trimmed its holdings in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 36.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,336,644 shares of the company’s stock after selling 1,362,733 shares during the period. Gradient Investments LLC owned approximately 0.62% of SPDR Portfolio Aggregate Bond ETF worth $59,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the second quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after purchasing an additional 12,031,034 shares in the last quarter. LPL Financial LLC increased its holdings in 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 worth $605,521,000 after buying an additional 1,545,797 shares in the last quarter. Donoghue Forlines LLC bought a new stake in SPDR Portfolio Aggregate Bond ETF in the 4th quarter worth about $32,772,000. CWM LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 7.0% in the 4th quarter. CWM LLC now owns 18,193,758 shares of the company’s stock worth $468,489,000 after buying an additional 1,197,111 shares in the last quarter. Finally, Bank of America Corp DE raised its position in 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.

SPDR Portfolio Aggregate Bond ETF Stock Performance

SPAB opened at $25.16 on Friday. The company’s 50-day simple moving average is $25.33 and its two-hundred day simple moving average is $25.56. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $25.03 and a 52-week high of $26.17.

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.