SPDR Portfolio Aggregate Bond ETF $SPAB Stock: Convergence Financial LLC Lowers Holdings

Convergence Financial LLC decreased its stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 35.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645,253 shares of the company’s stock after selling 354,429 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up 2.2% of Convergence Financial LLC’s portfolio, making the stock its 12th largest holding. Convergence Financial LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $15,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in SPDR Portfolio Aggregate Bond ETF in the 3rd quarter valued at $257,427,000. Envestnet Asset Management Inc. grew its position in SPDR Portfolio Aggregate Bond ETF by 0.7% in 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 grew 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 purchasing an additional 1,112,552 shares during the last quarter. Willow Creek Wealth Management Inc. grew its position in SPDR Portfolio Aggregate Bond ETF by 3.4% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 4,698,062 shares of the company’s stock worth $114,445,000 after purchasing an additional 155,531 shares during the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% during the 2nd quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock worth $113,006,000 after purchasing an additional 249,337 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Performance

NYSEARCA:SPAB opened at $24.71 on Thursday. The firm’s 50-day moving average is $24.72 and its 200-day moving average is $25.34. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $24.17 and a 52-week high of $26.17.

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.