Jacobi Capital Management LLC Buys 275,597 Shares of SPDR Portfolio Aggregate Bond ETF $SPAB

Jacobi Capital Management LLC grew its stake in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) by 120.9% during the third quarter, Holdings Channel reports. The firm owned 503,599 shares of the company’s stock after purchasing an additional 275,597 shares during the period. SPDR Portfolio Aggregate Bond ETF makes up approximately 0.8% of Jacobi Capital Management LLC’s portfolio, making the stock its 19th largest position. Jacobi Capital Management LLC’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $13,018,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cerity Partners LLC lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 5.1% during the third quarter. Cerity Partners LLC now owns 11,074,917 shares of the company’s stock valued at $286,287,000 after purchasing an additional 541,686 shares in the last quarter. ERn Financial LLC grew its position in SPDR Portfolio Aggregate Bond ETF by 30.7% in the 3rd quarter. ERn Financial LLC now owns 318,924 shares of the company’s stock worth $8,244,000 after purchasing an additional 74,825 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the 3rd quarter valued at about $2,661,000. Americana Partners LLC lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 12.6% during the 3rd quarter. Americana Partners LLC now owns 1,082,531 shares of the company’s stock worth $27,983,000 after buying an additional 120,970 shares in the last quarter. Finally, Weitzel Financial Services Inc. boosted its stake 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 worth $16,917,000 after buying an additional 17,893 shares during the last quarter.

SPDR Portfolio Aggregate Bond ETF Price Performance

Shares of SPAB opened at $26.05 on Wednesday. The stock has a 50 day moving average of $25.81 and a 200 day moving average of $25.82. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.82 and a 12 month high of $26.16.

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 given a dividend of $0.082 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.