Algorithmic Investment Models LLC Has $15.72 Million Holdings in SPDR Portfolio Aggregate Bond ETF $SPAB

Algorithmic Investment Models LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 608,102 shares of the company’s stock after purchasing an additional 30,221 shares during the quarter. SPDR Portfolio Aggregate Bond ETF accounts for approximately 10.4% of Algorithmic Investment Models LLC’s investment portfolio, making the stock its largest position. Algorithmic Investment Models LLC owned 0.18% of SPDR Portfolio Aggregate Bond ETF worth $15,719,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FAS Wealth Partners Inc. bought a new position in SPDR Portfolio Aggregate Bond ETF during the third quarter valued at $26,000. Franklin Resources Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 2nd quarter worth about $26,000. Collier Financial purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at about $32,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 113.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock valued at $33,000 after acquiring an additional 675 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at about $52,000.

SPDR Portfolio Aggregate Bond ETF Stock Performance

SPAB opened at $26.02 on Monday. The stock has a 50-day moving average of $25.82 and a 200 day moving average of $25.83. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.82 and a 12 month high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders 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 dividend 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.