Envestnet Asset Management Inc. Decreases Position in SPDR Portfolio Aggregate Bond ETF $SPAB

Envestnet Asset Management Inc. reduced its position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,417,478 shares of the company’s stock after selling 683,024 shares during the period. Envestnet Asset Management Inc. owned 3.02% of SPDR Portfolio Aggregate Bond ETF worth $269,292,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 1.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 88,973 shares of the company’s stock valued at $2,300,000 after acquiring an additional 941 shares in the last quarter. Cornerstone Advisors Asset Management LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 6.0% in the 3rd quarter. Cornerstone Advisors Asset Management LLC now owns 1,557,478 shares of the company’s stock valued at $40,261,000 after purchasing an additional 87,918 shares during the last quarter. Tsfg LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 3.7% in the 3rd quarter. Tsfg LLC now owns 464,392 shares of the company’s stock valued at $12,005,000 after purchasing an additional 16,465 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 6.4% in the 3rd quarter. Money Concepts Capital Corp now owns 713,449 shares of the company’s stock valued at $18,443,000 after purchasing an additional 42,674 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in SPDR Portfolio Aggregate Bond ETF by 1.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 789,870 shares of the company’s stock worth $20,387,000 after purchasing an additional 12,013 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.4%

SPDR Portfolio Aggregate Bond ETF stock opened at $25.80 on Friday. The company has a fifty day simple moving average of $25.80 and a 200-day simple moving average of $25.78. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $24.82 and a 52-week high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.082 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.