Marks Group Wealth Management Inc Purchases New Stake in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Marks Group Wealth Management Inc purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 76,687 shares of the company’s stock, valued at approximately $1,717,000.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the second quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after purchasing an additional 1,843,991 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 185.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock worth $68,000 after buying an additional 2,008 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% during the 2nd quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock worth $1,787,000 after buying an additional 5,606 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth about $455,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% during the 2nd quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after buying an additional 12,716 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.0%

Shares of SPMB opened at $22.13 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a 52 week low of $21.78 and a 52 week high of $22.87. The firm’s 50-day simple moving average is $22.21 and its 200 day simple moving average is $22.39.

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.