SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Hits New 12-Month Low – Here’s What Happened

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low during trading on Friday . The stock traded as low as $21.91 and last traded at $21.93, with a volume of 325979 shares trading hands. The stock had previously closed at $22.02.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The business has a 50-day simple moving average of $22.18 and a two-hundred day simple moving average of $22.35.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of 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 purchasing an additional 520 shares in the last quarter. Guidance Capital Inc. boosted its position in SPDR Portfolio Mortgage Backed Bond ETF by 1.3% in the fourth quarter. Guidance Capital Inc. now owns 45,513 shares of the company’s stock valued at $1,023,000 after buying an additional 565 shares in the last quarter. HighTower Advisors LLC boosted its position in SPDR Portfolio Mortgage Backed Bond ETF by 8.4% in the fourth quarter. HighTower Advisors LLC now owns 10,582 shares of the company’s stock valued at $237,000 after buying an additional 816 shares in the last quarter. Alesco Advisors LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 1.2% during the fourth quarter. Alesco Advisors LLC now owns 96,070 shares of the company’s stock worth $2,153,000 after buying an additional 1,120 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth about $28,000.

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.