Melone Private Wealth LLC Purchases 47,577 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Melone Private Wealth LLC lifted its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 23.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,757 shares of the company’s stock after purchasing an additional 47,577 shares during the quarter. SPDR Portfolio Aggregate Bond ETF accounts for about 2.7% of Melone Private Wealth LLC’s holdings, making the stock its 15th largest holding. Melone Private Wealth LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $6,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FAS Wealth Partners Inc. bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at about $26,000. Franklin Resources Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter worth approximately $26,000. Gould Capital LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the third quarter worth approximately $26,000. Collier Financial purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the third quarter worth approximately $32,000. Finally, Bare Financial Services Inc bought a new position in SPDR Portfolio Aggregate Bond ETF during the third quarter valued at approximately $32,000.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.8%

Shares of NYSEARCA SPAB opened at $25.45 on Friday. SPDR Portfolio Aggregate Bond ETF has a one year low of $24.82 and a one year high of $26.17. The firm’s 50 day simple moving average is $25.84 and its two-hundred day simple moving average is $25.86.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

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

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.