AE Wealth Management LLC Increases Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

AE Wealth Management LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 76.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,720 shares of the company’s stock after purchasing an additional 25,067 shares during the quarter. AE Wealth Management LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $1,295,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Tidemark LLC increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 6.8% in the third quarter. Tidemark LLC now owns 483,178 shares of the company’s stock valued at $10,843,000 after buying an additional 30,675 shares in the last quarter. Chesapeake Wealth Management lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4.5% during the 3rd quarter. Chesapeake Wealth Management now owns 283,437 shares of the company’s stock valued at $6,360,000 after buying an additional 12,226 shares in the last quarter. Belpointe Asset Management LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 30.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 27,588 shares of the company’s stock valued at $619,000 after acquiring an additional 6,409 shares during the period. Liberty Wealth Management LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at $215,000. Finally, Detalus Advisors LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 6.4% in the 3rd quarter. Detalus Advisors LLC now owns 236,967 shares of the company’s stock worth $5,318,000 after acquiring an additional 14,161 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

NYSEARCA:SPMB opened at $22.42 on Tuesday. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.36 and a fifty-two week high of $22.72. The company has a fifty day moving average of $22.49 and a two-hundred day moving average of $22.39.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.0715 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a boost from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07.

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.