Boltwood Capital Management Has $4.13 Million Holdings in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Boltwood Capital Management increased its position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 184,236 shares of the company’s stock after buying an additional 27,557 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF accounts for about 1.1% of Boltwood Capital Management’s investment portfolio, making the stock its 25th largest holding. Boltwood Capital Management’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $4,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Donald L. Hagan LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 1.2% during the third quarter. Donald L. Hagan LLC now owns 43,114 shares of the company’s stock valued at $967,000 after acquiring an additional 505 shares during the period. One Wealth Capital Management LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 5.0% in the 3rd quarter. One Wealth Capital Management LLC now owns 10,919 shares of the company’s stock valued at $245,000 after acquiring an additional 515 shares in the last quarter. Norden Group LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.7% in the 3rd quarter. Norden Group LLC now owns 32,718 shares of the company’s stock worth $734,000 after acquiring an additional 538 shares during the period. Strategic Blueprint LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.7% in the 3rd quarter. Strategic Blueprint LLC now owns 84,568 shares of the company’s stock worth $1,898,000 after acquiring an additional 581 shares during the period. Finally, Western Wealth Management LLC grew its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.4% during the 3rd quarter. Western Wealth Management LLC now owns 174,409 shares of the company’s stock worth $3,914,000 after purchasing an additional 686 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

SPMB opened at $22.39 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.36 and a 1 year high of $22.87. The stock’s 50 day simple moving average is $22.57 and its 200-day simple moving average is $22.51.

SPDR Portfolio Mortgage Backed Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0695 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.