Q3 Asset Management Makes New $2.88 Million Investment in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Q3 Asset Management purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 128,601 shares of the company’s stock, valued at approximately $2,882,000. SPDR Portfolio Mortgage Backed Bond ETF makes up 0.7% of Q3 Asset Management’s portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPMB. REAP Financial Group LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter worth about $25,000. Sound Income Strategies LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 76.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock worth $27,000 after buying an additional 520 shares during the period. Financial Consulate Inc. acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth about $32,000. Crewe Advisors LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% during the 4th quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock worth $35,000 after buying an additional 765 shares during the period. Finally, Optima Capital LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth about $36,000.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA:SPMB opened at $22.54 on Monday. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.45 and a fifty-two week high of $22.87. The stock’s 50-day moving average is $22.51 and its two-hundred day moving average is $22.50.

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.