JPMorgan Chase & Co. Sells 56,351 Shares of SPDR Portfolio Mortgage Backed Bond ETF $SPMB

JPMorgan Chase & Co. cut its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 4.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,203,378 shares of the company’s stock after selling 56,351 shares during the quarter. JPMorgan Chase & Co.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $27,004,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPMB. State Street Corp grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% during the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after acquiring an additional 1,843,991 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 0.9% in the third quarter. Financial Engines Advisors L.L.C. now owns 186,003,082 shares of the company’s stock valued at $4,173,909,000 after purchasing an additional 1,667,127 shares during the last quarter. Collier Financial purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the third quarter valued at approximately $13,167,000. Citadel Advisors LLC boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4,797.8% during the third quarter. Citadel Advisors LLC now owns 361,727 shares of the company’s stock valued at $8,117,000 after purchasing an additional 369,427 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.8% in the third quarter. Ameriprise Financial Inc. now owns 3,040,135 shares of the company’s stock worth $68,095,000 after purchasing an additional 271,777 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.30 on Tuesday. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.36 and a 52-week high of $22.87. The company’s 50 day moving average price is $22.56 and its 200-day moving average price is $22.52.

SPDR Portfolio Mortgage Backed Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0695 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.