Abound Financial LLC Invests $5.39 Million in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

Abound Financial LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the fourth quarter, Holdings Channel.com reports. The fund acquired 250,132 shares of the company’s stock, valued at approximately $5,390,000. SPDR Portfolio Mortgage Backed Bond ETF accounts for approximately 2.7% of Abound Financial LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 52.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,573 shares of the company’s stock worth $58,000 after acquiring an additional 882 shares during the period. Cary Street Partners Asset Management LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 1.9% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 204,102 shares of the company’s stock worth $4,598,000 after acquiring an additional 3,765 shares during the period. Tidemark LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 7.9% during the 3rd quarter. Tidemark LLC now owns 430,682 shares of the company’s stock worth $9,703,000 after acquiring an additional 31,571 shares during the period. Private Trust Co. NA lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 29.2% during the 3rd quarter. Private Trust Co. NA now owns 22,440 shares of the company’s stock worth $506,000 after acquiring an additional 5,070 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 8.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 115,583 shares of the company’s stock worth $2,604,000 after acquiring an additional 9,287 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPMB stock opened at $21.83 on Friday. The business has a 50-day simple moving average of $21.56 and a 200-day simple moving average of $21.96. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $20.92 and a 52-week high of $22.76.

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.