Valmark Advisers Inc. bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 130,231 shares of the company’s stock, valued at approximately $2,753,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Confluence Investment Management LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter valued at $69,790,000. Citadel Advisors LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $32,672,000. Symphony Financial Ltd. Co. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $13,199,000. Fortune 45 LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $11,052,000. Finally, Gibbs Wealth Management increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 84.8% in the first quarter. Gibbs Wealth Management now owns 843,445 shares of the company’s stock valued at $18,885,000 after purchasing an additional 386,993 shares during the last quarter.
SPDR Portfolio Mortgage Backed Bond ETF Price Performance
Shares of NYSEARCA:SPMB traded down $0.03 on Friday, hitting $21.37. The company had a trading volume of 1,112,448 shares, compared to its average volume of 1,290,422. The stock has a 50 day moving average price of $21.45 and a 200 day moving average price of $22.07. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $20.92 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.
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