Checchi Capital Advisers LLC Trims Stock Holdings in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Checchi Capital Advisers LLC cut its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 23.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,175 shares of the company’s stock after selling 69,951 shares during the period. Checchi Capital Advisers LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $4,997,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% during the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after purchasing an additional 1,843,991 shares during the period. NewEdge Advisors LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 185.1% in the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock valued at $68,000 after purchasing an additional 2,008 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the second quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock valued at $1,787,000 after buying an additional 5,606 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $455,000. Finally, Raymond James Financial Inc. boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% during the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after buying an additional 12,716 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPMB stock opened at $22.12 on Wednesday. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.76 and a 52-week high of $22.87. The stock’s 50-day moving average price is $22.22 and its 200 day moving average price is $22.39.

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.