Tennessee Valley Asset Management Partners Acquires 33,334 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Tennessee Valley Asset Management Partners grew its stake in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 374,962 shares of the company’s stock after acquiring an additional 33,334 shares during the quarter. SPDR Portfolio Aggregate Bond ETF comprises about 1.3% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 16th biggest holding. Tennessee Valley Asset Management Partners owned 0.11% of SPDR Portfolio Aggregate Bond ETF worth $9,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the 2nd quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after buying an additional 12,031,034 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at about $180,265,000. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 12.1% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 14,165,317 shares of the company’s stock valued at $366,173,000 after purchasing an additional 1,530,403 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 890.1% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 890,564 shares of the company’s stock worth $23,021,000 after purchasing an additional 800,621 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 5.8% in the second quarter. Cerity Partners LLC now owns 10,533,231 shares of the company’s stock worth $269,651,000 after buying an additional 573,590 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Down 0.5%

SPAB stock opened at $25.70 on Thursday. SPDR Portfolio Aggregate Bond ETF has a twelve month low of $24.82 and a twelve month high of $26.17. The business’s 50-day moving average price is $25.87 and its 200-day moving average price is $25.86.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0832 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. This is an increase from SPDR Portfolio Aggregate Bond ETF’s previous monthly dividend of $0.08.

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.