SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sets New 52-Week Low – Here’s What Happened

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $24.67 and last traded at $24.72, with a volume of 2416105 shares traded. The stock had previously closed at $24.74.

SPDR Portfolio Aggregate Bond ETF Price Performance

The company’s 50 day moving average price is $25.10 and its 200 day moving average price is $25.39.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF during the 1st quarter worth approximately $27,000. Kingdom Financial Group LLC. acquired a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 4th quarter valued at approximately $27,000. Compass Financial Management LLC acquired a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at approximately $29,000. Godfrey Financial Associates Inc. purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $33,000.

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.