SPDR Portfolio Mortgage Backed Bond ETF $SPMB Position Lessened by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC trimmed its position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 297,857 shares of the company’s stock after selling 22,552 shares during the quarter. Checchi Capital Advisers LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $6,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Alesco Advisors LLC raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.2% during the 2nd quarter. Alesco Advisors LLC now owns 94,950 shares of the company’s stock worth $2,098,000 after purchasing an additional 1,100 shares in the last quarter. Hexagon Capital Partners LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 35.9% during the first quarter. Hexagon Capital Partners LLC now owns 6,734 shares of the company’s stock valued at $148,000 after acquiring an additional 1,779 shares in the last quarter. Ehrlich Financial Group raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 2.0% during the second quarter. Ehrlich Financial Group now owns 120,886 shares of the company’s stock valued at $2,672,000 after acquiring an additional 2,404 shares in the last quarter. Norden Group LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 10.1% during the second quarter. Norden Group LLC now owns 32,180 shares of the company’s stock valued at $711,000 after acquiring an additional 2,940 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 2.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 244,389 shares of the company’s stock valued at $5,401,000 after purchasing an additional 6,521 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.42 on Friday. The firm’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $21.97. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.20 and a 1-year high of $22.63.

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.