AE Wealth Management LLC Raises Stake in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

AE Wealth Management LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 76.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,720 shares of the company’s stock after buying an additional 25,067 shares during the quarter. AE Wealth Management LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $1,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPMB. Osaic Holdings Inc. raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 82.2% during the 2nd quarter. Osaic Holdings Inc. now owns 225,714 shares of the company’s stock valued at $4,984,000 after buying an additional 101,830 shares during the last quarter. Bristlecone Advisors LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth about $1,009,000. Baird Financial Group Inc. grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 12.8% during the second quarter. Baird Financial Group Inc. now owns 310,301 shares of the company’s stock worth $6,858,000 after acquiring an additional 35,330 shares during the period. Altfest L J & Co. Inc. raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 2.8% during the third quarter. Altfest L J & Co. Inc. now owns 831,705 shares of the company’s stock valued at $18,663,000 after acquiring an additional 22,568 shares in the last quarter. Finally, CacheTech Inc. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at approximately $2,190,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.42 on Tuesday. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.36 and a 12 month high of $22.72. The stock’s 50 day simple moving average is $22.49 and its two-hundred day simple moving average is $22.39.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a dividend of $0.0715 per share. This is a boost from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, February 2nd.

SPDR Portfolio Mortgage Backed Bond ETF Profile

The SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund tracks an index of US agency mortgage pass-through debt. SPMB was launched on Jan 15, 2009 and is managed by State Street.