SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Hits New 1-Year Low – Here’s Why

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as $21.47 and last traded at $21.4450, with a volume of 81629 shares traded. The stock had previously closed at $21.60.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The firm’s 50 day simple moving average is $21.88 and its two-hundred day simple moving average is $22.15.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock valued at $453,656,000 after buying an additional 1,974,582 shares during the last quarter. Citadel Advisors LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth $32,672,000. 93 Financial Group LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter worth $16,956,000. Symphony Financial Ltd. Co. purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $13,199,000. Finally, Fortune 45 LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $11,052,000.

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.