Magnolia Private Wealth LLC Takes Position in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB)

Magnolia Private Wealth LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,750 shares of the company’s stock, valued at approximately $968,000. SPDR Portfolio Aggregate Bond ETF comprises approximately 0.6% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in SPDR Portfolio Aggregate Bond ETF by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 860,342 shares of the company’s stock worth $21,500,000 after purchasing an additional 34,277 shares during the period. Crestwood Advisors Group LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 76.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 416,488 shares of the company’s stock worth $10,408,000 after acquiring an additional 180,793 shares during the period. Transcend Capital Advisors LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at approximately $358,000. Valley Wealth Managers Inc. lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 42.3% in the fourth quarter. Valley Wealth Managers Inc. now owns 13,775 shares of the company’s stock valued at $344,000 after acquiring an additional 4,098 shares during the period. Finally, NYL Investors LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 6.3% in the fourth quarter. NYL Investors LLC now owns 137,100 shares of the company’s stock valued at $3,426,000 after acquiring an additional 8,100 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Up 0.6 %

Shares of NYSEARCA SPAB opened at $25.49 on Wednesday. The firm’s 50 day simple moving average is $25.06 and its 200-day simple moving average is $25.48. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.49 and a 12 month high of $26.34.

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.