Financial Life Advisors Has $29.02 Million Stake in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Financial Life Advisors increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 24.9% in the second quarter, Holdings Channel.com reports. The fund owned 1,300,999 shares of the company’s stock after purchasing an additional 259,619 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF comprises about 8.3% of Financial Life Advisors’ holdings, making the stock its 4th biggest position. Financial Life Advisors’ holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $29,025,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% during the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after purchasing an additional 1,843,991 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 185.1% in the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock worth $68,000 after purchasing an additional 2,008 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the second quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock worth $1,787,000 after purchasing an additional 5,606 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth about $455,000. Finally, Raymond James Financial Inc. lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% in the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after buying an additional 12,716 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $21.97 on Tuesday. The stock has a 50 day moving average of $22.08 and a 200 day moving average of $22.28. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.88 and a 12 month 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.