Gibbs Wealth Management Lowers Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Gibbs Wealth Management lessened its position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 484,047 shares of the company’s stock after selling 117,463 shares during the quarter. SPDR Portfolio Mortgage Backed Bond ETF comprises 2.5% of Gibbs Wealth Management’s holdings, making the stock its 7th biggest position. Gibbs Wealth Management owned 0.17% of SPDR Portfolio Mortgage Backed Bond ETF worth $10,862,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. AlphaCore Capital LLC increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 666.7% during the second quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $39,000. Root Financial Partners LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter worth about $65,000. CoreCap Advisors LLC grew its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 145.8% during the third quarter. CoreCap Advisors LLC now owns 2,969 shares of the company’s stock worth $67,000 after acquiring an additional 1,761 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings 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 valued at $68,000 after acquiring an additional 2,008 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA:SPMB opened at $22.50 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.36 and a twelve month high of $22.72. The company’s 50 day moving average is $22.49 and its two-hundred day moving average is $22.35.

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.