SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sets New 52-Week High – Time to Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) reached a new 52-week high during trading on Wednesday . The company traded as high as $22.71 and last traded at $22.68, with a volume of 2263526 shares trading hands. The stock had previously closed at $22.65.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The company has a 50-day moving average of $22.38 and a 200-day moving average of $22.02.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the 2nd quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Atlantic Union Bankshares Corp acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $39,000. CoreCap Advisors LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 145.8% in the 3rd quarter. CoreCap Advisors LLC now owns 2,969 shares of the company’s stock valued at $67,000 after buying an additional 1,761 shares during the period. NewEdge Advisors LLC increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 185.1% during the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock worth $68,000 after acquiring an additional 2,008 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 622.5% during the second quarter. PNC Financial Services Group Inc. now owns 3,757 shares of the company’s stock worth $83,000 after acquiring an additional 3,237 shares during the period.

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.