Gradient Investments LLC Makes New Investment in SPDR Portfolio Aggregate Bond ETF $SPAB

Gradient Investments LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,457,803 shares of the company’s stock, valued at approximately $59,872,000. SPDR Portfolio Aggregate Bond ETF makes up about 0.9% of Gradient Investments LLC’s holdings, making the stock its 24th largest position. Gradient Investments LLC owned approximately 0.60% of SPDR Portfolio Aggregate Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of 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 worth $251,575,000 after purchasing an additional 67,300 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 23.5% during the 1st quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock worth $149,692,000 after acquiring an additional 1,112,552 shares during the period. Tobias Financial Advisors Inc. grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% in the second quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock valued at $113,006,000 after purchasing an additional 249,337 shares during the period. Wealthcare Advisory Partners LLC increased its position in 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 worth $81,822,000 after purchasing an additional 190,995 shares during the last quarter. Finally, Cornerstone Advisors Asset Management LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 50.8% in the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 2,534,062 shares of the company’s stock valued at $64,669,000 after buying an additional 853,146 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPDR Portfolio Aggregate Bond ETF stock traded up $0.06 during trading hours on Thursday, hitting $24.36. The company’s stock had a trading volume of 11,079,987 shares, compared to its average volume of 3,268,468. SPDR Portfolio Aggregate Bond ETF has a twelve month low of $24.17 and a twelve month high of $26.17. The firm has a fifty day moving average of $24.88 and a 200-day moving average of $25.25.

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.