SPDR Portfolio Aggregate Bond ETF $SPAB is Convergence Financial LLC’s 3rd Largest Position

Convergence Financial LLC raised its stake in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,232,568 shares of the company’s stock after purchasing an additional 108,164 shares during the period. SPDR Portfolio Aggregate Bond ETF accounts for 4.8% of Convergence Financial LLC’s holdings, making the stock its 3rd biggest position. Convergence Financial LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $31,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SPAB. FAS Wealth Partners Inc. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth about $26,000. Franklin Resources Inc. purchased a new stake in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth approximately $26,000. Collier Financial acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 113.3% in the second 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 in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $52,000.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB opened at $26.02 on Friday. SPDR Portfolio Aggregate Bond ETF has a one year low of $24.82 and a one year high of $26.16. The stock has a 50 day moving average price of $25.82 and a 200 day moving average price of $25.82.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.082 per share. The ex-dividend date of this dividend 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 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.