SPDR Portfolio Aggregate Bond ETF $SPAB Position Raised by Convergence Financial LLC

Convergence Financial LLC increased its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,232,568 shares of the company’s stock after acquiring an additional 108,164 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up about 4.8% of Convergence Financial LLC’s portfolio, making the stock its 3rd biggest holding. Convergence Financial LLC owned about 0.36% of SPDR Portfolio Aggregate Bond ETF worth $31,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 5.1% during the 3rd quarter. Cerity Partners LLC now owns 11,074,917 shares of the company’s stock worth $286,287,000 after purchasing an additional 541,686 shares during the period. ERn Financial LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 30.7% during the third quarter. ERn Financial LLC now owns 318,924 shares of the company’s stock valued at $8,244,000 after buying an additional 74,825 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in SPDR Portfolio Aggregate Bond ETF in the third quarter valued at $2,661,000. Americana Partners LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 12.6% in the third quarter. Americana Partners LLC now owns 1,082,531 shares of the company’s stock valued at $27,983,000 after buying an additional 120,970 shares in the last quarter. Finally, Weitzel Financial Services Inc. raised its position in shares of SPDR Portfolio Aggregate Bond ETF by 2.8% in the second quarter. Weitzel Financial Services Inc. now owns 661,917 shares of the company’s stock worth $16,917,000 after acquiring an additional 17,893 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Performance

NYSEARCA:SPAB opened at $26.02 on Friday. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.82 and a 52 week high of $26.16. The stock’s 50-day moving average price is $25.82 and its 200-day moving average price is $25.82.

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. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, February 2nd.

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.