SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Hits New 12-Month Low – Time to Sell?

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.48 and last traded at $21.53, with a volume of 1194681 shares traded. The stock had previously closed at $21.57.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

The stock has a 50-day simple moving average of $21.95 and a 200 day simple moving average of $22.19.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPMB. Kingdom Financial Group LLC. purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter valued at approximately $28,000. Emergent Wealth Advisors LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth approximately $43,000. Compass Financial Management LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth approximately $43,000. Jim Saulnier & Associates LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter valued at approximately $57,000. Finally, Avant Capital LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter valued at approximately $62,000.

About SPDR Portfolio Mortgage Backed Bond ETF

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.