Portside Wealth Group LLC Has $5.23 Million Stock Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Portside Wealth Group LLC boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 236,738 shares of the company’s stock after acquiring an additional 17,793 shares during the quarter. SPDR Portfolio Mortgage Backed Bond ETF makes up approximately 0.8% of Portside Wealth Group LLC’s holdings, making the stock its 24th biggest holding. Portside Wealth Group LLC owned about 0.08% of SPDR Portfolio Mortgage Backed Bond ETF worth $5,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Drucker Wealth 3.0 LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $1,547,000. Stratos Wealth Partners LTD. increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 370,984 shares of the company’s stock valued at $8,199,000 after buying an additional 15,340 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 2.7% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 244,389 shares of the company’s stock valued at $5,401,000 after buying an additional 6,521 shares during the period. Ehrlich Financial Group raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 2.0% during the second quarter. Ehrlich Financial Group now owns 120,886 shares of the company’s stock worth $2,672,000 after acquiring an additional 2,404 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter valued at $541,000.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.0%

Shares of SPMB stock opened at $22.45 on Tuesday. The stock has a 50-day moving average price of $22.51 and a 200 day moving average price of $22.12. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.20 and a 12 month high of $22.72.

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.