SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sets New 52-Week High – Still a Buy?

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week high during trading on Monday . The company traded as high as $22.78 and last traded at $22.7750, with a volume of 123727 shares. The stock had previously closed at $22.72.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The company’s fifty day simple moving average is $22.51 and its 200 day simple moving average is $22.45.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0715 dividend. This represents a c) annualized dividend and a yield of 3.8%. This is a boost from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Engines Advisors L.L.C. raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock worth $4,231,117,000 after acquiring an additional 2,759,654 shares in the last quarter. State Street Corp grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 69.8% in the fourth quarter. State Street Corp now owns 5,020,182 shares of the company’s stock worth $112,527,000 after purchasing an additional 2,064,451 shares during the period. LPL Financial LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% in the fourth quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after purchasing an additional 1,974,582 shares during the period. Financial Plan Inc. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth $23,264,000. Finally, 93 Financial Group LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter valued at $16,956,000.

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.