SPDR Portfolio Mortgage Backed Bond ETF $SPMB is Financial Life Advisors’ 4th Largest Position

Financial Life Advisors raised its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,041,380 shares of the company’s stock after acquiring an additional 88,218 shares during the quarter. SPDR Portfolio Mortgage Backed Bond ETF makes up approximately 7.3% of Financial Life Advisors’ investment portfolio, making the stock its 4th largest position. Financial Life Advisors owned approximately 0.34% of SPDR Portfolio Mortgage Backed Bond ETF worth $23,316,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after purchasing an additional 1,843,991 shares during the period. NewEdge Advisors LLC grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 185.1% during the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock valued at $68,000 after buying an additional 2,008 shares during the period. Diversify Advisory Services LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the second quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock valued at $1,787,000 after buying an additional 5,606 shares in the last quarter. Quantinno Capital Management LP purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at $455,000. Finally, Raymond James Financial Inc. raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% in the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after acquiring an additional 12,716 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

NYSEARCA:SPMB opened at $22.13 on Wednesday. SPDR Portfolio Mortgage Backed Bond ETF has a 52 week low of $21.76 and a 52 week high of $22.87. The stock’s 50-day moving average price is $22.24 and its 200-day moving average price is $22.40.

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.