SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Strong Trading Volume – Time to Buy?

SPDR Portfolio Mortgage Backed Bond ETF ( NYSEARCA:SPMB – Get Free Report ) shares saw an uptick in trading volume on Monday . 6,194,679 shares changed hands during trading, an increase of 602% from the previous session’s volume of 882,019 shares.The stock last traded at $21.

92 and had previously closed at $22.20. SPDR Portfolio Mortgage Backed Bond ETF Trading Down 1.



4 % The stock’s 50-day moving average price is $21.87 and its 200 day moving average price is $21.86.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF A number of hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 41.7% in the fourth quarter.

Confluence Investment Management LLC now owns 3,926,847 shares of the company’s stock valued at $84,624,000 after purchasing an additional 1,154,949 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 21.

1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,426,991 shares of the company’s stock valued at $52,292,000 after buying an additional 422,112 shares during the period.

Abound Financial LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at $5,390,000. Keystone Financial Group bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth about $2,761,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at about $2,536,000.

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. Recommended Stories Receive News & Ratings for SPDR Portfolio Mortgage Backed Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Mortgage Backed Bond ETF and related companies with MarketBeat.

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