SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 1-Year Low – Here’s What Happened

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low on Friday . The company traded as low as $21.91 and last traded at $21.93, with a volume of 325979 shares. The stock had previously closed at $22.02.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.5%

The company has a 50 day simple moving average of $22.18 and a 200-day simple moving average of $22.36.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after acquiring an additional 1,843,991 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 185.1% in the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock valued at $68,000 after purchasing an additional 2,008 shares during the last quarter. Diversify Advisory Services LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the second quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock worth $1,787,000 after purchasing an additional 5,606 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth $455,000. Finally, Raymond James Financial Inc. boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 9.2% during the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after purchasing an additional 12,716 shares during the last quarter.

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.