SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 1-Year Low – Here’s Why

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) shares reached a new 52-week low on Wednesday . The company traded as low as $21.77 and last traded at $21.7750, with a volume of 396966 shares trading hands. The stock had previously closed at $21.84.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.2%

The business’s fifty day moving average is $22.02 and its 200 day moving average is $22.24.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Large investors have recently bought and sold shares of the company. Kingdom Financial Group LLC. bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter valued at $28,000. Emergent Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $43,000. Compass Financial Management LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $43,000. Jim Saulnier & Associates LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $57,000. Finally, Avant Capital LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $62,000.

SPDR Portfolio Mortgage Backed Bond ETF Company 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.