Strategic Investment Advisors MI Decreases Stock Holdings in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Strategic Investment Advisors MI reduced its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 83.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,893 shares of the company’s stock after selling 30,068 shares during the quarter. Strategic Investment Advisors MI’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 622.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,757 shares of the company’s stock worth $83,000 after acquiring an additional 3,237 shares in the last quarter. JPMorgan Chase & Co. increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,259,729 shares of the company’s stock valued at $27,840,000 after purchasing an additional 11,873 shares in the last quarter. AlphaCore Capital LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 666.7% during the second quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $672,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 9.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 144,422 shares of the company’s stock valued at $3,192,000 after purchasing an additional 12,247 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPMB stock opened at $22.40 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.36 and a fifty-two week high of $22.87. The business has a fifty day simple moving average of $22.57 and a 200-day simple moving average of $22.51.

SPDR Portfolio Mortgage Backed Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0695 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd.

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.