SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Reaches New 52-Week Low – Should You Sell?

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) shares hit a new 52-week low on Wednesday. The stock traded as low as $24.17 and last traded at $24.2450, with a volume of 80955 shares. The stock had previously closed at $24.30.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.1%

The company’s fifty day simple moving average is $24.90 and its 200 day simple moving average is $25.26.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPAB. Johnson Financial Group Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 1st quarter worth $27,000. Compass Financial Management LLC bought a new stake in SPDR Portfolio Aggregate Bond ETF during the second quarter worth about $29,000. Beacon Financial Strategies CORP bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 2nd quarter valued at about $33,000. Gould Capital LLC boosted its stake in SPDR Portfolio Aggregate Bond ETF by 44.0% in the fourth quarter. Gould Capital LLC now owns 1,440 shares of the company’s stock worth $37,000 after buying an additional 440 shares in the last quarter. Finally, Brown Lisle Cummings Inc. purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the first quarter worth approximately $46,000.

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.