GM Advisory Group LLC Has $43.67 Million Stock Position in SPDR Portfolio Aggregate Bond ETF $SPAB

GM Advisory Group LLC increased its stake in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,689,323 shares of the company’s stock after purchasing an additional 39,763 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up approximately 1.9% of GM Advisory Group LLC’s investment portfolio, making the stock its 12th largest holding. GM Advisory Group LLC owned about 0.49% of SPDR Portfolio Aggregate Bond ETF worth $43,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPAB. Cerity Partners LLC increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 5.1% in the 3rd quarter. Cerity Partners LLC now owns 11,074,917 shares of the company’s stock valued at $286,287,000 after acquiring an additional 541,686 shares during the last quarter. ERn Financial LLC boosted its stake in SPDR Portfolio Aggregate Bond ETF by 30.7% during the 3rd quarter. ERn Financial LLC now owns 318,924 shares of the company’s stock worth $8,244,000 after acquiring an additional 74,825 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth approximately $2,661,000. Americana Partners LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 12.6% during the third quarter. Americana Partners LLC now owns 1,082,531 shares of the company’s stock valued at $27,983,000 after purchasing an additional 120,970 shares during the period. Finally, Algorithmic Investment Models LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 5.2% during the third quarter. Algorithmic Investment Models LLC now owns 608,102 shares of the company’s stock valued at $15,719,000 after purchasing an additional 30,221 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.2%

Shares of NYSEARCA:SPAB opened at $25.72 on Wednesday. The company has a 50 day moving average price of $25.86 and a two-hundred day moving average price of $25.86. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.82 and a 52 week high of $26.17.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.0832 dividend. This is a positive change from SPDR Portfolio Aggregate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.