SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Hits New 1-Year Low – What’s Next?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.90 and last traded at $24.9150, with a volume of 1825489 shares changing hands. The stock had previously closed at $24.98.

SPDR Portfolio Aggregate Bond ETF Price Performance

The company has a 50-day moving average of $25.15 and a 200 day moving average of $25.43.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new position in SPDR Portfolio Aggregate Bond ETF during the second quarter worth $26,000. Gould Capital LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth about $26,000. Johnson Financial Group Inc. purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 1st quarter worth about $27,000. Kingdom Financial Group LLC. bought a new position in SPDR Portfolio Aggregate Bond ETF during the 4th quarter valued at about $27,000. Finally, Compass Financial Management LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter worth about $29,000.

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.