MAI Capital Management Boosts Stock Position in SPDR Portfolio Aggregate Bond ETF $SPAB

MAI Capital Management grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,850,212 shares of the company’s stock after buying an additional 134,894 shares during the period. MAI Capital Management’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $47,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. FAS Wealth Partners Inc. purchased a new stake in SPDR Portfolio Aggregate Bond ETF during the third quarter worth approximately $26,000. Franklin Resources Inc. purchased a new position in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $26,000. Collier Financial purchased a new position in SPDR Portfolio Aggregate Bond ETF in the third quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC raised its holdings in SPDR Portfolio Aggregate Bond ETF by 113.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth approximately $52,000.

SPDR Portfolio Aggregate Bond ETF Stock Down 0.0%

NYSEARCA SPAB opened at $26.07 on Wednesday. The firm’s fifty day moving average price is $25.84 and its 200 day moving average price is $25.83. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.82 and a 12 month high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.082 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.