Cornerstone Advisors Asset Management LLC Raises Stock Holdings in SPDR Portfolio Aggregate Bond ETF $SPAB

Cornerstone Advisors Asset Management LLC raised its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,557,478 shares of the company’s stock after buying an additional 87,918 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up 7.0% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $40,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FAS Wealth Partners Inc. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF in the third quarter valued at approximately $26,000. Franklin Resources Inc. acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 113.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock worth $33,000 after acquiring an additional 675 shares during the last quarter. Blue Trust Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at approximately $44,000. Finally, Darwin Wealth Management LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter valued at $52,000.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.4%

Shares of NYSEARCA:SPAB opened at $25.71 on Tuesday. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.82 and a 52 week high of $26.16. The firm’s fifty day moving average is $25.81 and its 200-day moving average is $25.78.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.082 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend 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.