63,149 Shares in SPDR Portfolio Mortgage Backed Bond ETF $SPMB Purchased by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 63,149 shares of the company’s stock, valued at approximately $1,409,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Engines Advisors L.L.C. raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock valued at $4,231,117,000 after acquiring an additional 2,759,654 shares during the period. LPL Financial LLC raised its stake in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after buying an additional 1,974,582 shares during the period. Stifel Financial Corp lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% during the 4th quarter. Stifel Financial Corp now owns 7,602,932 shares of the company’s stock valued at $170,420,000 after purchasing an additional 523,944 shares in the last quarter. State Street Corp lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% during the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after buying an additional 1,843,991 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in SPDR Portfolio Mortgage Backed Bond ETF by 9.8% during the third quarter. Ameriprise Financial Inc. now owns 3,040,135 shares of the company’s stock worth $68,095,000 after buying an additional 271,777 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

SPMB stock opened at $21.87 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.77 and a 1-year high of $22.87. The business’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $22.26.

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.