SPDR Portfolio Mortgage Backed Bond ETF $SPMB is Financial Life Advisors’ 4th Largest Position

Financial Life Advisors boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 9.3% in the first quarter, HoldingsChannel.com reports. The fund owned 1,041,380 shares of the company’s stock after purchasing an additional 88,218 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF makes up about 7.3% of Financial Life Advisors’ investment portfolio, making the stock its 4th biggest position. Financial Life Advisors’ holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $23,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPMB. Sound Income Strategies LLC grew its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock valued at $27,000 after purchasing an additional 520 shares during the period. Guidance Capital Inc. raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.3% during the 4th quarter. Guidance Capital Inc. now owns 45,513 shares of the company’s stock worth $1,023,000 after purchasing an additional 565 shares during the last quarter. Heritage Family Offices LLP lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 8.1% in the 4th quarter. Heritage Family Offices LLP now owns 10,124 shares of the company’s stock valued at $227,000 after buying an additional 761 shares in the last quarter. Crewe Advisors LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% in the 4th quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock valued at $35,000 after buying an additional 765 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 8.4% in the 4th quarter. HighTower Advisors LLC now owns 10,582 shares of the company’s stock worth $237,000 after buying an additional 816 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.4%

NYSEARCA:SPMB opened at $22.13 on Wednesday. The stock has a 50 day moving average of $22.24 and a two-hundred day moving average of $22.40. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.76 and a 12 month 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.