SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Shares Up 0.5% – Here’s What Happened

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMBGet Free Report) shares rose 0.5% during trading on Monday . The stock traded as high as $21.63 and last traded at $21.57. Approximately 704,220 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 847,380 shares. The stock had previously closed at $21.46.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The stock’s 50 day moving average is $21.81 and its two-hundred day moving average is $22.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth approximately $220,000. Cambridge Investment Research Advisors Inc. boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 11.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 49,348 shares of the company’s stock valued at $1,064,000 after purchasing an additional 4,900 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at approximately $34,000. One Capital Management LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth approximately $543,000. Finally, Certified Advisory Corp increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 3.4% during the 2nd quarter. Certified Advisory Corp now owns 318,941 shares of the company’s stock worth $6,880,000 after acquiring an additional 10,433 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Company Profile

(Get Free Report)

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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