SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Reaches New 12-Month Low – Here’s What Happened

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.90 and last traded at $24.9150, with a volume of 1825489 shares. The stock had previously closed at $24.98.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.2%

The firm’s 50 day moving average price is $25.17 and its two-hundred day moving average price is $25.44.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $26,000. Gould Capital LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at $26,000. Johnson Financial Group Inc. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 1st quarter valued at $27,000. Kingdom Financial Group LLC. purchased a new stake in SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth $27,000. Finally, Compass Financial Management LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth $29,000.

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.