Richardson Financial Services Inc. Buys Shares of 30,505 SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)

Richardson Financial Services Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) during the fourth quarter, Holdings Channel reports. The institutional investor bought 30,505 shares of the company’s stock, valued at approximately $782,000.

A number of other hedge funds have also made changes to their positions in SPAB. Syon Capital LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 1,579.5% during the fourth quarter. Syon Capital LLC now owns 3,470,955 shares of the company’s stock valued at $88,995,000 after purchasing an additional 3,264,288 shares in the last quarter. Tidemark LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at approximately $13,333,000. Crestwood Advisors Group LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at approximately $7,220,000. Eldridge Investment Advisors Inc. grew its position in SPDR Portfolio Aggregate Bond ETF by 67.2% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 455,296 shares of the company’s stock valued at $11,674,000 after purchasing an additional 183,006 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 334.3% during the fourth quarter. Parallel Advisors LLC now owns 137,562 shares of the company’s stock valued at $3,527,000 after purchasing an additional 105,889 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Price Performance

NYSEARCA SPAB traded up $0.04 during trading on Friday, reaching $25.28. The company’s stock had a trading volume of 2,683,890 shares, compared to its average volume of 2,521,577. The business has a 50-day moving average price of $24.86 and a 200-day moving average price of $25.14. SPDR Portfolio Aggregate Bond ETF has a 1-year low of $23.68 and a 1-year high of $25.75.

SPDR Portfolio Aggregate Bond ETF 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.