Collier Financial Invests $13.17 Million in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Collier Financial acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the third quarter, according to its most recent filing with the SEC. The fund acquired 586,754 shares of the company’s stock, valued at approximately $13,167,000. SPDR Portfolio Mortgage Backed Bond ETF accounts for approximately 9.9% of Collier Financial’s investment portfolio, making the stock its 3rd biggest holding. Collier Financial owned 0.20% of SPDR Portfolio Mortgage Backed Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPMB. AlphaCore Capital LLC boosted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the second quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. Atlantic Union Bankshares Corp bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $39,000. Root Financial Partners LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter valued at $65,000. CoreCap Advisors LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 145.8% in the third quarter. CoreCap Advisors LLC now owns 2,969 shares of the company’s stock worth $67,000 after purchasing an additional 1,761 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 185.1% in the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock worth $68,000 after purchasing an additional 2,008 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA:SPMB opened at $22.52 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.36 and a 52-week high of $22.72. The stock has a fifty day moving average of $22.48 and a 200 day moving average of $22.40.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0715 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.