Melone Private Wealth LLC Boosts Stake in SPDR Portfolio Aggregate Bond ETF $SPAB

Melone Private Wealth LLC boosted its holdings in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,757 shares of the company’s stock after acquiring an additional 47,577 shares during the quarter. SPDR Portfolio Aggregate Bond ETF accounts for about 2.7% of Melone Private Wealth LLC’s investment portfolio, making the stock its 15th largest position. Melone Private Wealth LLC owned 0.07% of SPDR Portfolio Aggregate Bond ETF worth $6,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barden Capital Management Inc. grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 12.1% during the fourth quarter. Barden Capital Management Inc. now owns 187,491 shares of the company’s stock worth $4,828,000 after purchasing an additional 20,274 shares in the last quarter. JBR Co Financial Management Inc raised its stake in SPDR Portfolio Aggregate Bond ETF by 23.7% in the fourth quarter. JBR Co Financial Management Inc now owns 100,915 shares of the company’s stock valued at $2,599,000 after purchasing an additional 19,336 shares in the last quarter. CGN Advisors LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 0.4% in the fourth quarter. CGN Advisors LLC now owns 114,909 shares of the company’s stock valued at $2,959,000 after purchasing an additional 495 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in SPDR Portfolio Aggregate Bond ETF by 26.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 4,163 shares of the company’s stock valued at $107,000 after purchasing an additional 879 shares during the last quarter. Finally, Narus Financial Partners LLC lifted its position in SPDR Portfolio Aggregate Bond ETF by 6.8% during the third quarter. Narus Financial Partners LLC now owns 30,643 shares of the company’s stock valued at $792,000 after purchasing an additional 1,949 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Price Performance

SPAB stock opened at $25.45 on Friday. The firm has a 50 day simple moving average of $25.84 and a two-hundred day simple moving average of $25.86. SPDR Portfolio Aggregate Bond ETF has a one year low of $24.82 and a one year high of $26.17.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

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

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.