Fortune 45 LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 495,365 shares of the company’s stock, valued at approximately $11,052,000. SPDR Portfolio Mortgage Backed Bond ETF makes up approximately 4.8% of Fortune 45 LLC’s portfolio, making the stock its 4th biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPMB. Kingdom Financial Group LLC. acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter valued at about $28,000. Emergent Wealth Advisors LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth about $43,000. Compass Financial Management LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $43,000. Avant Capital LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $62,000. Finally, NewEdge Advisors LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 185.1% during the 2nd 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 in the last quarter.
SPDR Portfolio Mortgage Backed Bond ETF Stock Performance
SPMB stock opened at $21.86 on Friday. The stock’s 50 day moving average is $22.05 and its two-hundred day moving average is $22.26. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.77 and a 52-week high of $22.87.
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.
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Want to see what other hedge funds are holding SPMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Free Report).
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