Spectrum Planning & Advisory Services Inc. cut its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Free Report) by 79.9% during the third quarter, HoldingsChannel reports. The fund owned 28,707 shares of the company’s stock after selling 114,155 shares during the quarter. Spectrum Planning & Advisory Services Inc.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $607,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nwam LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $2,464,000. Symphony Financial Ltd. Co. bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter valued at about $13,199,000. Gibbs Wealth Management grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 16.5% in the third quarter. Gibbs Wealth Management now owns 1,031,583 shares of the company’s stock valued at $21,808,000 after purchasing an additional 145,839 shares during the last quarter. Confluence Investment Management LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter valued at about $69,790,000. Finally, Rinkey Investments purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $1,359,000.
SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.1%
Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $21.55 on Thursday. The company has a 50-day simple moving average of $21.47 and a two-hundred day simple moving average of $22.09. SPDR Portfolio Mortgage Backed Bond ETF has a one year low of $20.92 and a one year 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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