Midwest Capital Advisors LLC Boosts Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Midwest Capital Advisors LLC boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 18.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,909 shares of the company’s stock after buying an additional 33,429 shares during the quarter. SPDR Portfolio Mortgage Backed Bond ETF makes up 2.2% of Midwest Capital Advisors LLC’s portfolio, making the stock its 14th largest position. Midwest Capital Advisors LLC owned 0.07% of SPDR Portfolio Mortgage Backed Bond ETF worth $4,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SPMB. Assetmark Inc. boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 5.0% in the fourth quarter. Assetmark Inc. now owns 1,741,982 shares of the company’s stock valued at $39,047,000 after purchasing an additional 83,017 shares during the period. Confluence Investment Management LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 0.9% during the 4th quarter. Confluence Investment Management LLC now owns 4,260,018 shares of the company’s stock worth $95,488,000 after purchasing an additional 37,799 shares during the period. True North Advisors LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth $553,000. Q3 Asset Management bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at $2,882,000. Finally, Leicht Financial Planning & Wealth Management Inc. raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 7.5% during the 4th quarter. Leicht Financial Planning & Wealth Management Inc. now owns 916,454 shares of the company’s stock valued at $20,542,000 after purchasing an additional 64,163 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.6%

Shares of SPMB stock opened at $22.18 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.76 and a twelve month high of $22.87. The stock has a fifty day simple moving average of $22.26 and a two-hundred day simple moving average of $22.41.

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.