Cornerstone Advisors Asset Management LLC Acquires Shares of 63,149 SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Cornerstone Advisors Asset Management LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 63,149 shares of the company’s stock, valued at approximately $1,409,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jim Saulnier & Associates LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $57,000. Concurrent Investment Advisors LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth about $173,000. Montz Harcus Wealth Management LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth about $157,000. Fortune 45 LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at about $11,052,000. Finally, Carter Financial Group INC. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at approximately $431,000.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA:SPMB opened at $21.87 on Friday. The company’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $22.26. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.77 and a 1 year high of $22.87.

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.