SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s share price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $24.64 and traded as low as $24.54. SPDR Portfolio Aggregate Bond ETF shares last traded at $24.54, with a volume of 3,050,183 shares.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.6%

The business’s 50 day moving average is $24.64 and its 200 day moving average is $25.28.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Balentine LLC raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 4.7% in the third quarter. Balentine LLC now owns 12,031 shares of the company’s stock worth $293,000 after buying an additional 537 shares during the period. Sharper & Granite LLC boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 2.2% during the 3rd quarter. Sharper & Granite LLC now owns 28,560 shares of the company’s stock valued at $732,000 after acquiring an additional 610 shares during the period. Tucker Asset Management LLC boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 2.6% during the 3rd quarter. Tucker Asset Management LLC now owns 24,685 shares of the company’s stock valued at $601,000 after acquiring an additional 617 shares during the period. USAdvisors Wealth Management LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 1.0% in the 3rd quarter. USAdvisors Wealth Management LLC now owns 70,804 shares of the company’s stock valued at $1,724,000 after acquiring an additional 677 shares during the last quarter. Finally, Lunt Capital Management Inc. grew its position in SPDR Portfolio Aggregate Bond ETF by 0.3% in the 3rd quarter. Lunt Capital Management Inc. now owns 234,703 shares of the company’s stock valued at $5,717,000 after acquiring an additional 696 shares during the last quarter.

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.