Gradient Investments LLC Has $96.40 Million Stock Position in SPDR Portfolio Aggregate Bond ETF $SPAB

Gradient Investments LLC lowered its stake in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,743,769 shares of the company’s stock after selling 90,806 shares during the quarter. SPDR Portfolio Aggregate Bond ETF comprises approximately 1.5% of Gradient Investments LLC’s holdings, making the stock its 11th largest holding. Gradient Investments LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $96,402,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPAB. FAS Wealth Partners Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF in the 3rd quarter valued at $26,000. Franklin Resources Inc. bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth about $26,000. Gould Capital LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth about $26,000. Collier Financial acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter valued at about $32,000. Finally, Bare Financial Services Inc acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter valued at about $32,000.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.8%

NYSEARCA SPAB opened at $25.45 on Monday. SPDR Portfolio Aggregate Bond ETF has a twelve month low of $24.82 and a twelve month high of $26.17. The firm has a 50-day simple moving average of $25.84 and a 200 day simple moving average of $25.86.

SPDR Portfolio Aggregate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders 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 yield of 3.9%.

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.