SPDR Portfolio Mortgage Backed Bond ETF $SPMB Stock: Midwest Capital Advisors LLC Decreases Position

Midwest Capital Advisors LLC lowered its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 70.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 80,210 shares of the company’s stock after selling 187,973 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF comprises 0.7% of Midwest Capital Advisors LLC’s holdings, making the stock its 22nd largest position. Midwest Capital Advisors LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $1,696,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPMB. StoneX Group Inc. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth about $259,000. Ashton Thomas Private Wealth LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 230.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 47,293 shares of the company’s stock valued at $1,000,000 after purchasing an additional 32,962 shares during the period. Commonwealth Equity Services LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter valued at about $2,222,000. Bell Investment Advisors Inc raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 6.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 42,668 shares of the company’s stock valued at $902,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter valued at approximately $3,272,000.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA:SPMB opened at $21.76 on Tuesday. The stock has a 50-day simple moving average of $21.48 and a two-hundred day simple moving average of $22.09. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $20.92 and a 52-week high of $22.87.

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.