SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Strong Trading Volume – Time to Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw an uptick in trading volume on Friday . 1,184,287 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 892,537 shares.The stock last traded at $22.38 and had previously closed at $22.30.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

The business’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $22.49.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several large investors have recently made changes to their positions in the stock. CMC Financial Group acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 1st quarter worth approximately $632,000. Balefire LLC lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 42.4% in the 1st quarter. Balefire LLC now owns 22,324 shares of the company’s stock worth $500,000 after acquiring an additional 6,652 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 11.2% in the 1st quarter. Modera Wealth Management LLC now owns 15,994 shares of the company’s stock worth $358,000 after acquiring an additional 1,616 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4.1% in the 1st quarter. Assetmark Inc. now owns 1,813,363 shares of the company’s stock worth $40,601,000 after acquiring an additional 71,381 shares during the last quarter. Finally, Marks Group Wealth Management Inc acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 1st quarter worth approximately $1,717,000.

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.