RiverFront Investment Group LLC Cuts Stock Position in SPDR Portfolio Aggregate Bond ETF $SPAB

RiverFront Investment Group LLC trimmed its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,716,661 shares of the company’s stock after selling 47,401 shares during the quarter. SPDR Portfolio Aggregate Bond ETF accounts for approximately 3.9% of RiverFront Investment Group LLC’s holdings, making the stock its 3rd biggest holding. RiverFront Investment Group LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $197,547,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPAB. Franklin Resources Inc. purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF in the second quarter valued at about $26,000. Cheviot Value Management LLC bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 1st quarter worth approximately $32,000. Steward Partners Investment Advisory LLC raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 113.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock valued at $33,000 after acquiring an additional 675 shares in the last quarter. Blue Trust Inc. purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter worth $44,000. Finally, Wolff Wiese Magana LLC boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 89.3% in the second quarter. Wolff Wiese Magana LLC now owns 2,329 shares of the company’s stock valued at $60,000 after acquiring an additional 1,099 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of NYSEARCA SPAB opened at $25.96 on Tuesday. The firm has a fifty day simple moving average of $25.91 and a two-hundred day simple moving average of $25.59. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.70 and a 12 month high of $26.16.

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.