SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 12-Month Low – Should You Sell?

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.91 and last traded at $21.93, with a volume of 325979 shares trading hands. The stock had previously closed at $22.02.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The stock’s 50-day moving average is $22.18 and its 200 day moving average is $22.36.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several large investors have recently modified their holdings of the business. Financial Engines Advisors L.L.C. lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock valued at $4,231,117,000 after purchasing an additional 2,759,654 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% in the fourth quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock valued at $453,656,000 after buying an additional 1,974,582 shares in the last quarter. Stifel Financial Corp lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the fourth quarter. Stifel Financial Corp now owns 7,602,932 shares of the company’s stock valued at $170,420,000 after buying an additional 523,944 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 5.9% in the fourth quarter. Benjamin Edwards Inc. now owns 6,119,180 shares of the company’s stock valued at $137,160,000 after buying an additional 340,043 shares during the period. Finally, State Street Corp increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% during the second quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after acquiring an additional 1,843,991 shares in the last quarter.

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.