Collaborative Wealth Managment Inc. Decreases Stock Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Collaborative Wealth Managment Inc. cut its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 15.8% in the third quarter, Holdings Channel reports. The institutional investor owned 254,734 shares of the company’s stock after selling 47,930 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF makes up about 2.3% of Collaborative Wealth Managment Inc.’s investment portfolio, making the stock its 12th biggest holding. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $5,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Strategic Blueprint LLC increased its position in SPDR Portfolio Mortgage Backed Bond ETF by 22.9% during the second quarter. Strategic Blueprint LLC now owns 83,987 shares of the company’s stock valued at $1,856,000 after acquiring an additional 15,666 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 4.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 325,332 shares of the company’s stock worth $7,190,000 after acquiring an additional 15,259 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.0% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 90,150 shares of the company’s stock worth $1,992,000 after purchasing an additional 9,630 shares during the period. Advisory Alpha LLC grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 5.4% during the 2nd quarter. Advisory Alpha LLC now owns 2,086,473 shares of the company’s stock valued at $46,111,000 after purchasing an additional 107,653 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 3.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 427,088 shares of the company’s stock worth $9,439,000 after purchasing an additional 13,801 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA SPMB opened at $22.69 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.36 and a 1 year high of $22.77. The firm has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $22.44.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.0715 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is an increase 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.