SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Hits New 12-Month Low – Should You Sell?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares reached a new 52-week low on Thursday . The company traded as low as $25.07 and last traded at $25.09, with a volume of 40945 shares trading hands. The stock had previously closed at $25.16.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.2%

The company has a 50-day moving average price of $25.39 and a 200-day moving average price of $25.62.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

Several hedge funds have recently added to or reduced their stakes in SPAB. Franklin Resources Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth $26,000. Gould Capital LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter valued at $26,000. Johnson Financial Group Inc. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the first quarter valued at $27,000. Kingdom Financial Group LLC. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at about $27,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at about $29,000.

About SPDR Portfolio Aggregate Bond ETF

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.