SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 12-Month Low – What’s Next?

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.77 and last traded at $21.7750, with a volume of 396966 shares traded. The stock had previously closed at $21.84.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The company’s 50 day simple moving average is $22.02 and its 200 day simple moving average is $22.24.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPMB. Kingdom Financial Group LLC. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at $28,000. Compass Financial Management LLC bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $43,000. Emergent Wealth Advisors LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $43,000. Jim Saulnier & Associates LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $57,000. Finally, Avant Capital LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $62,000.

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.