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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low on Wednesday . The company traded as low as $21.77 and last traded at $21.7750, with a volume of 396966 shares trading hands. The stock had previously closed at $21.84.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.8%

The company has a fifty day moving average of $22.00 and a 200-day moving average of $22.23.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds have recently made changes to their positions in SPMB. State Street Corp grew its holdings 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 valued at $129,465,000 after purchasing an additional 1,843,991 shares in the last quarter. NewEdge Advisors LLC raised 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 valued at $68,000 after acquiring an additional 2,008 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in 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 valued at $1,787,000 after purchasing an additional 5,606 shares during the period. Quantinno Capital Management LP purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at $455,000. Finally, Raymond James Financial Inc. grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 9.2% during the 2nd quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after purchasing an additional 12,716 shares in the last quarter.

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.