Advisory Alpha LLC Has $49.31 Million Holdings in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Advisory Alpha LLC raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,196,521 shares of the company’s stock after buying an additional 110,048 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF comprises about 1.4% of Advisory Alpha LLC’s investment portfolio, making the stock its 15th biggest holding. Advisory Alpha LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $49,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 82.2% during the 2nd quarter. Osaic Holdings Inc. now owns 225,714 shares of the company’s stock worth $4,984,000 after acquiring an additional 101,830 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the third quarter valued at about $1,009,000. Baird Financial Group Inc. grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 12.8% during the second quarter. Baird Financial Group Inc. now owns 310,301 shares of the company’s stock worth $6,858,000 after buying an additional 35,330 shares in the last quarter. Altfest L J & Co. Inc. raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 2.8% in the 3rd quarter. Altfest L J & Co. Inc. now owns 831,705 shares of the company’s stock valued at $18,663,000 after acquiring an additional 22,568 shares in the last quarter. Finally, CacheTech Inc. bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth approximately $2,190,000.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.62 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.36 and a 52-week high of $22.87. The company’s fifty day moving average price is $22.56 and its two-hundred day moving average price is $22.49.

SPDR Portfolio Mortgage Backed Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be paid a $0.0695 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, March 2nd.

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.