SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sets New 1-Year High – Here’s What Happened

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $26.08 and last traded at $26.07, with a volume of 1478339 shares traded. The stock had previously closed at $26.04.

SPDR Portfolio Aggregate Bond ETF Price Performance

The firm’s 50-day moving average is $25.81 and its 200-day moving average is $25.48.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPAB. Franklin Resources Inc. bought a new position in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the first quarter worth approximately $32,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 113.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock valued at $33,000 after purchasing an additional 675 shares in the last quarter. Blue Trust Inc. bought a new position in shares of SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $44,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter valued at approximately $52,000.

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.