Rinkey Investments Invests $1.36 Million in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Rinkey Investments purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 60,896 shares of the company’s stock, valued at approximately $1,359,000.

Other hedge funds have also recently modified their holdings of the company. Financial Life Advisors increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 24.9% in the 2nd quarter. Financial Life Advisors now owns 1,300,999 shares of the company’s stock valued at $29,025,000 after buying an additional 259,619 shares during the period. Avant Capital LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $62,000. Nwam LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth $2,464,000. JNBA Financial Advisors acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth $130,000. Finally, Compass Financial Management LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth $43,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.1%

Shares of NYSEARCA:SPMB opened at $21.97 on Tuesday. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.88 and a fifty-two week high of $22.87. The firm’s 50-day simple moving average is $22.08 and its 200-day simple moving average is $22.28.

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.