Kagan Cocozza Asset Management trimmed its position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Free Report) by 5.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 700,150 shares of the company’s stock after selling 42,370 shares during the quarter. SPDR Portfolio Aggregate Bond ETF comprises approximately 12.6% of Kagan Cocozza Asset Management’s portfolio, making the stock its 2nd largest holding. Kagan Cocozza Asset Management’s holdings in SPDR Portfolio Aggregate Bond ETF were worth $17,938,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. bought a new position in SPDR Portfolio Aggregate Bond ETF in the second quarter worth approximately $26,000. State Street Corp increased its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the second quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after acquiring an additional 12,031,034 shares in the last quarter. Main Street Financial Solutions LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth approximately $1,227,000. Darwin Wealth Management LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth approximately $52,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 4.1% in the 2nd quarter. Raymond James Financial Inc. now owns 2,867,808 shares of the company’s stock worth $73,416,000 after purchasing an additional 112,303 shares in the last quarter.
SPDR Portfolio Aggregate Bond ETF Stock Performance
Shares of SPAB stock opened at $25.52 on Wednesday. The firm has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $25.67. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $25.14 and a 12 month high of $26.17.
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.
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