Foster & Motley Inc. Cuts Stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

Foster & Motley Inc. reduced its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 21.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,417 shares of the company’s stock after selling 3,915 shares during the period. Foster & Motley Inc.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at approximately $66,000. Strategic Blueprint LLC grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 53.6% during the 4th quarter. Strategic Blueprint LLC now owns 50,473 shares of the company’s stock valued at $1,114,000 after buying an additional 17,620 shares in the last quarter. Private Trust Co. NA grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 30.8% during the 4th quarter. Private Trust Co. NA now owns 19,297 shares of the company’s stock valued at $426,000 after buying an additional 4,545 shares in the last quarter. Tsfg LLC boosted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1,667.0% during the 4th quarter. Tsfg LLC now owns 7,916 shares of the company’s stock valued at $175,000 after acquiring an additional 7,468 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 548.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,542 shares of the company’s stock valued at $78,000 after acquiring an additional 2,996 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.3 %

NYSEARCA SPMB opened at $21.08 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a one year low of $20.00 and a one year high of $22.43. The stock has a 50 day moving average price of $21.48 and a 200-day moving average price of $21.39.

About SPDR Portfolio Mortgage Backed Bond ETF

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.