SPDR Portfolio Mortgage Backed Bond ETF $SPMB Stock Position Cut by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,222,219 shares of the company’s stock after selling 505,397 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF makes up 1.4% of Confluence Investment Management LLC’s portfolio, making the stock its 28th biggest position. Confluence Investment Management LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $94,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SPMB. AlphaCore Capital LLC boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the second quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter valued at $39,000. NewEdge Advisors LLC increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 185.1% during the 2nd 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. PNC Financial Services Group Inc. increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 622.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,757 shares of the company’s stock valued at $83,000 after purchasing an additional 3,237 shares during the period. Finally, Sachetta LLC raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 437.1% in the 2nd quarter. Sachetta LLC now owns 7,246 shares of the company’s stock worth $160,000 after buying an additional 5,897 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.40 on Tuesday. The business has a fifty day simple moving average of $22.53 and a 200-day simple moving average of $22.26. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.20 and a fifty-two week high of $22.72.

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.