Towercrest Capital Management Increases Stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)

Towercrest Capital Management grew its stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,848 shares of the company’s stock after purchasing an additional 4,272 shares during the period. SPDR Portfolio Aggregate Bond ETF comprises approximately 1.6% of Towercrest Capital Management’s investment portfolio, making the stock its 23rd largest holding. Towercrest Capital Management owned 0.12% of SPDR Portfolio Aggregate Bond ETF worth $9,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Syon Capital LLC increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 1,579.5% in the 4th 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. Toronto Dominion Bank acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 1st quarter worth approximately $21,488,000. Tidemark LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 4th quarter valued at approximately $13,333,000. Bull Oak Capital LLC grew its stake in SPDR Portfolio Aggregate Bond ETF by 172.2% in the 1st quarter. Bull Oak Capital LLC now owns 528,340 shares of the company’s stock valued at $13,356,000 after acquiring an additional 334,226 shares during the period. Finally, Tsfg LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 2,254.1% in the 1st quarter. Tsfg LLC now owns 341,151 shares of the company’s stock worth $8,624,000 after acquiring an additional 326,659 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Performance

SPAB traded up $0.04 during midday trading on Friday, hitting $26.13. 2,714,053 shares of the company traded hands, compared to its average volume of 2,603,740. The business has a 50 day simple moving average of $25.60 and a two-hundred day simple moving average of $25.22. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $23.68 and a 52-week high of $26.23.

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.