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

by · The Markets Daily

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Get Free Report) hit a new 52-week low on Monday. The stock traded as low as $20.96 and last traded at $20.9650, with a volume of 1313397 shares traded. The stock had previously closed at $21.05.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The stock has a 50-day simple moving average of $21.78 and a 200-day simple moving average of $22.09.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth $69,790,000. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock valued at $453,656,000 after acquiring an additional 1,974,582 shares in the last quarter. Citadel Advisors LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $32,672,000. 93 Financial Group LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter worth about $16,956,000. Finally, Symphony Financial Ltd. Co. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $13,199,000.

About SPDR Portfolio Mortgage Backed Bond ETF

(Get Free Report)

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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