SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $21.46 and traded as low as $21.40. SPDR Portfolio Mortgage Backed Bond ETF shares last traded at $21.40, with a volume of 1,680,837 shares changing hands.
SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.7%
The firm’s fifty day moving average is $21.46 and its 200-day moving average is $22.08.
Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in SPMB. Benjamin Edwards Inc. acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at $104,052,000. Confluence Investment Management LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter worth about $69,790,000. Bank of America Corp DE lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 2,183,078 shares of the company’s stock worth $48,879,000 after acquiring an additional 135,391 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4.1% in the first quarter. Assetmark Inc. now owns 1,813,363 shares of the company’s stock worth $40,601,000 after buying an additional 71,381 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth $32,672,000.
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.
Featured Stories
- Five stocks we like better than SPDR Portfolio Mortgage Backed Bond ETF
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Receive News & Ratings for SPDR Portfolio Mortgage Backed Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Mortgage Backed Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
