Convergence Financial LLC increased its position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Free Report) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,299,020 shares of the company’s stock after acquiring an additional 66,452 shares during the quarter. SPDR Portfolio Aggregate Bond ETF comprises 4.9% of Convergence Financial LLC’s holdings, making the stock its 3rd largest position. Convergence Financial LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $33,450,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the second quarter. State Street Corp now owns 23,633,736 shares of the company’s stock worth $605,024,000 after purchasing an additional 12,031,034 shares in the last quarter. CWM LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 7.0% during the fourth quarter. CWM LLC now owns 18,193,758 shares of the company’s stock worth $468,489,000 after purchasing an additional 1,197,111 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 7.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,211,308 shares of the company’s stock worth $391,691,000 after purchasing an additional 1,045,991 shares in the last quarter. Horizon Investments LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 1.5% during the fourth quarter. Horizon Investments LLC now owns 7,087,609 shares of the company’s stock worth $182,506,000 after purchasing an additional 107,886 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 1.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,081,541 shares of the company’s stock worth $182,350,000 after purchasing an additional 108,031 shares in the last quarter.
SPDR Portfolio Aggregate Bond ETF Trading Up 0.1%
Shares of SPAB stock opened at $25.43 on Friday. The firm has a fifty day moving average price of $25.53 and a 200 day moving average price of $25.72. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $25.08 and a 12 month high of $26.17.
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.
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