Gradient Investments LLC Has $96.40 Million Stock Holdings in SPDR Portfolio Aggregate Bond ETF $SPAB

Gradient Investments LLC trimmed its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,743,769 shares of the company’s stock after selling 90,806 shares during the quarter. SPDR Portfolio Aggregate Bond ETF comprises approximately 1.5% of Gradient Investments LLC’s holdings, making the stock its 11th largest position. Gradient Investments LLC owned 1.06% of SPDR Portfolio Aggregate Bond ETF worth $96,402,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Franklin Resources Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at $26,000. Richard W. Paul & Associates LLC lifted its position in SPDR Portfolio Aggregate Bond ETF by 10.9% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 13,425 shares of the company’s stock worth $344,000 after acquiring an additional 1,320 shares during the last quarter. Global Retirement Partners LLC bought a new stake in SPDR Portfolio Aggregate Bond ETF during the second quarter valued at about $9,868,000. Maripau Wealth Management LLC bought a new stake in SPDR Portfolio Aggregate Bond ETF during the second quarter valued at about $213,000. Finally, CreativeOne Wealth LLC grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 305.4% in the second quarter. CreativeOne Wealth LLC now owns 44,554 shares of the company’s stock valued at $1,141,000 after purchasing an additional 33,564 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.8%

SPDR Portfolio Aggregate Bond ETF stock opened at $25.45 on Monday. The business’s 50-day simple moving average is $25.84 and its 200-day simple moving average is $25.86. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.82 and a 52 week high of $26.17.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

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

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.