Cornerstone Advisors Asset Management LLC Buys 853,146 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Cornerstone Advisors Asset Management LLC lifted its position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 50.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,534,062 shares of the company’s stock after acquiring an additional 853,146 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up about 8.5% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Cornerstone Advisors Asset Management LLC owned approximately 0.65% of SPDR Portfolio Aggregate Bond ETF worth $64,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Tennessee Valley Asset Management Partners grew its position in SPDR Portfolio Aggregate Bond ETF by 9.9% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 412,025 shares of the company’s stock valued at $10,610,000 after buying an additional 37,063 shares during the period. Tobias Financial Advisors Inc. boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 5.7% during the 4th quarter. Tobias Financial Advisors Inc. now owns 3,904,988 shares of the company’s stock valued at $100,553,000 after buying an additional 212,237 shares in the last quarter. Mueller Wealth LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 4th quarter worth about $19,613,000. Capital Financial Group Inc. Co. ADV increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 17.4% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 151,566 shares of the company’s stock worth $3,883,000 after acquiring an additional 22,449 shares in the last quarter. Finally, Money Concepts Capital Corp increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% in the 4th quarter. Money Concepts Capital Corp now owns 756,226 shares of the company’s stock worth $19,473,000 after acquiring an additional 42,777 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB opened at $24.99 on Friday. SPDR Portfolio Aggregate Bond ETF has a fifty-two week low of $24.90 and a fifty-two week high of $26.17. The firm’s 50-day simple moving average is $25.20 and its two-hundred day simple moving average is $25.46.

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.