Checchi Capital Advisers LLC Reduces Stake in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Checchi Capital Advisers LLC lessened its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 23.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,175 shares of the company’s stock after selling 69,951 shares during the period. Checchi Capital Advisers LLC owned 0.07% of SPDR Portfolio Mortgage Backed Bond ETF worth $4,997,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock valued at $27,000 after purchasing an additional 520 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth approximately $28,000. Financial Consulate Inc. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth approximately $32,000. Crewe Advisors LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 95.7% during the 4th quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock worth $35,000 after buying an additional 765 shares during the last quarter. Finally, Optima Capital LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at $36,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.5%

NYSEARCA SPMB opened at $22.12 on Wednesday. The firm’s fifty day moving average price is $22.22 and its 200 day moving average price is $22.39. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.76 and a 12 month high of $22.87.

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.