Confluence Investment Management LLC Cuts Stock Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Confluence Investment Management LLC decreased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,370,501 shares of the company’s stock after selling 482,992 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF comprises approximately 1.2% of Confluence Investment Management LLC’s investment portfolio, making the stock its 29th largest holding. Confluence Investment Management LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $75,196,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 76.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock worth $27,000 after buying an additional 520 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at about $28,000. Financial Consulate Inc. acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at about $32,000. Optima Capital LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at about $36,000. Finally, NewEdge Advisors LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 185.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock worth $68,000 after purchasing an additional 2,008 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $21.90 on Tuesday. The stock’s 50 day simple moving average is $22.17 and its 200-day simple moving average is $22.35. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.88 and a 1-year high of $22.87.

SPDR Portfolio Mortgage Backed Bond ETF Company 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.