RiverFront Investment Group LLC Cuts Stock Position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)

RiverFront Investment Group LLC decreased its stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,215,784 shares of the company’s stock after selling 64,973 shares during the period. SPDR Portfolio Aggregate Bond ETF accounts for approximately 4.8% of RiverFront Investment Group LLC’s holdings, making the stock its 3rd largest position. RiverFront Investment Group LLC owned approximately 2.28% of SPDR Portfolio Aggregate Bond ETF worth $181,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 1620 Investment Advisors Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF during the second quarter worth $29,000. Gleason Group Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at about $151,000. AMJ Financial Wealth Management raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 20.7% in the 1st quarter. AMJ Financial Wealth Management now owns 11,768 shares of the company’s stock valued at $297,000 after purchasing an additional 2,016 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the 1st quarter valued at about $349,000. Finally, Waterloo Capital L.P. grew its holdings in SPDR Portfolio Aggregate Bond ETF by 16.6% during the fourth quarter. Waterloo Capital L.P. now owns 20,880 shares of the company’s stock worth $535,000 after purchasing an additional 2,976 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Performance

NYSEARCA:SPAB opened at $26.13 on Wednesday. SPDR Portfolio Aggregate Bond ETF has a 12-month low of $23.68 and a 12-month high of $26.34. The stock’s 50 day moving average price is $25.92 and its two-hundred day moving average price is $25.33.

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.