SPDR Portfolio Aggregate Bond ETF $SPAB Shares Purchased by Rainier Family Wealth Inc.

Rainier Family Wealth Inc. increased its holdings in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 25.9% in the 1st quarter, HoldingsChannel reports. The fund owned 142,683 shares of the company’s stock after purchasing an additional 29,329 shares during the quarter. SPDR Portfolio Aggregate Bond ETF makes up approximately 2.5% of Rainier Family Wealth Inc.’s holdings, making the stock its 11th biggest holding. Rainier Family Wealth Inc.’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $3,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPAB. Franklin Resources Inc. purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at $26,000. State Street Corp lifted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% in the 2nd quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after purchasing an additional 12,031,034 shares during the last quarter. Main Street Financial Solutions LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth $1,227,000. Darwin Wealth Management LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth $52,000. Finally, Raymond James Financial Inc. increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 4.1% during the 2nd quarter. Raymond James Financial Inc. now owns 2,867,808 shares of the company’s stock worth $73,416,000 after purchasing an additional 112,303 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB opened at $25.43 on Tuesday. SPDR Portfolio Aggregate Bond ETF has a 12-month low of $25.14 and a 12-month high of $26.17. The company’s 50-day moving average price is $25.49 and its 200 day moving average price is $25.68.

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.