SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Strong Trading Volume – Time to Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw an uptick in trading volume on Friday . 1,184,287 shares were traded during trading, an increase of 33% from the previous session’s volume of 892,537 shares.The stock last traded at $22.38 and had previously closed at $22.30.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.3%

The company’s fifty day simple moving average is $22.43 and its 200-day simple moving average is $22.49.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of SPMB. State Street Corp lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the second quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after buying an additional 1,843,991 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 buying an additional 2,008 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the second quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock worth $1,787,000 after buying an additional 5,606 shares in the last quarter. Quantinno Capital Management LP purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth about $455,000. Finally, Raymond James Financial Inc. lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% in the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after buying an additional 12,716 shares in the last quarter.

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.