Adams Wealth Management Takes $1.98 Million Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Adams Wealth Management acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 89,695 shares of the company’s stock, valued at approximately $1,982,000.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of 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 acquiring an additional 1,843,991 shares in the last quarter. Benjamin Edwards Inc. grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 24.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,235,452 shares of the company’s stock valued at $137,804,000 after buying an additional 1,238,442 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $17,625,000. Confluence Investment Management LLC increased its position in SPDR Portfolio Mortgage Backed Bond ETF by 13.6% during the second quarter. Confluence Investment Management LLC now owns 4,727,616 shares of the company’s stock worth $104,480,000 after acquiring an additional 566,093 shares during the period. Finally, CWM LLC raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 20.4% in the second quarter. CWM LLC now owns 2,058,372 shares of the company’s stock valued at $45,490,000 after buying an additional 348,140 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

SPMB opened at $22.44 on Monday. The business’s fifty day moving average is $22.53 and its 200-day moving average is $22.23. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.20 and a 52-week high of $22.72.

About SPDR Portfolio Mortgage Backed Bond ETF

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.