Algorithmic Investment Models LLC Has $15.72 Million Position in SPDR Portfolio Aggregate Bond ETF $SPAB

Algorithmic Investment Models LLC raised its stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 608,102 shares of the company’s stock after buying an additional 30,221 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up about 10.4% of Algorithmic Investment Models LLC’s investment portfolio, making the stock its biggest position. Algorithmic Investment Models LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $15,719,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Cerity Partners LLC raised its stake in SPDR Portfolio Aggregate Bond ETF by 5.1% in the third quarter. Cerity Partners LLC now owns 11,074,917 shares of the company’s stock worth $286,287,000 after buying an additional 541,686 shares in the last quarter. ERn Financial LLC grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 30.7% during the third quarter. ERn Financial LLC now owns 318,924 shares of the company’s stock valued at $8,244,000 after buying an additional 74,825 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter worth about $2,661,000. Americana Partners LLC lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 12.6% during the third quarter. Americana Partners LLC now owns 1,082,531 shares of the company’s stock worth $27,983,000 after purchasing an additional 120,970 shares during the period. Finally, Weitzel Financial Services Inc. boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 2.8% in the 2nd quarter. Weitzel Financial Services Inc. now owns 661,917 shares of the company’s stock valued at $16,917,000 after acquiring an additional 17,893 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Price Performance

Shares of SPDR Portfolio Aggregate Bond ETF stock opened at $26.02 on Monday. The firm has a fifty day moving average price of $25.82 and a 200 day moving average price of $25.83. SPDR Portfolio Aggregate Bond ETF has a 1 year low of $24.82 and a 1 year high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company 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. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, February 2nd.

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.