Collaborative Wealth Managment Inc. Trims Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Collaborative Wealth Managment Inc. cut its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 61.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 75,272 shares of the company’s stock after selling 117,506 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF comprises 0.8% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 27th biggest holding. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $1,685,000 as of its most recent SEC filing.

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

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.1%

NYSEARCA SPMB opened at $22.14 on Thursday. The company’s 50 day simple moving average is $22.21 and its two-hundred day simple moving average is $22.39. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.76 and a 1 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.