Fifth Third Bancorp Buys Shares of 57,245 SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Fifth Third Bancorp bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 57,245 shares of the company’s stock, valued at approximately $1,282,000.

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

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.1%

Shares of NYSEARCA:SPMB opened at $21.97 on Friday. The firm’s 50-day simple moving average is $22.19 and its 200-day simple moving average is $22.37. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.84 and a fifty-two week high of $22.87.

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.