Confluence Investment Management LLC Purchases 3,301,336 Shares of SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Confluence Investment Management LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,301,336 shares of the company’s stock, valued at approximately $69,790,000. Confluence Investment Management LLC owned 1.02% of SPDR Portfolio Mortgage Backed Bond ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC boosted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the fourth quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after acquiring an additional 1,974,582 shares in the last quarter. Bank of America Corp DE increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 2,183,078 shares of the company’s stock valued at $48,879,000 after purchasing an additional 135,391 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4.1% during the first quarter. Assetmark Inc. now owns 1,813,363 shares of the company’s stock valued at $40,601,000 after purchasing an additional 71,381 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter valued at approximately $32,672,000. Finally, Financial Life Advisors boosted its position in shares of 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 worth $29,025,000 after purchasing an additional 259,619 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.0%

SPMB stock traded up $0.01 on Thursday, reaching $21.14. 1,568,939 shares of the company traded hands, compared to its average volume of 1,116,375. The firm has a fifty day simple moving average of $21.81 and a 200-day simple moving average of $22.11. SPDR Portfolio Mortgage Backed Bond ETF has a one year low of $20.96 and a one year high of $22.87.

SPDR Portfolio Mortgage Backed Bond ETF 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.