West Wealth Group LLC Sells 164,791 Shares of SPDR Portfolio Mortgage Backed Bond ETF $SPMB

West Wealth Group LLC lessened its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 93.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,695 shares of the company’s stock after selling 164,791 shares during the period. West Wealth Group LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPMB. Signal Advisors Wealth LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter valued at approximately $249,000. Baker Tilly Wealth Management LLC lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.9% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 13,973 shares of the company’s stock valued at $295,000 after purchasing an additional 1,260 shares during the period. Confluence Investment Management LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at $69,790,000. QRG Capital Management Inc. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $188,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 36.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 417,748 shares of the company’s stock valued at $9,870,000 after purchasing an additional 112,120 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA SPMB opened at $21.26 on Thursday. The company’s fifty day moving average price is $21.64 and its 200 day moving average price is $22.03. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $20.92 and a 1 year high of $22.87.

About SPDR Portfolio Mortgage Backed Bond ETF

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.