SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 1-Year High – Should You Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.77 and last traded at $22.7150, with a volume of 42221 shares. The stock had previously closed at $22.67.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

The company’s 50 day simple moving average is $22.48 and its two-hundred day simple moving average is $22.42.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0715 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a positive change 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. REAP Financial Group LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth about $25,000. AlphaCore Capital LLC increased its position in SPDR Portfolio Mortgage Backed Bond ETF by 666.7% during the second quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Sound Income Strategies LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock valued at $27,000 after buying an additional 520 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth approximately $28,000. Finally, Financial Consulate Inc. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at $32,000.

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.