Rodgers & Associates LTD Invests $7.20 Million in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Rodgers & Associates LTD bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 322,641 shares of the company’s stock, valued at approximately $7,198,000.

Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 10,582 shares of the company’s stock worth $237,000 after acquiring an additional 816 shares during the period. Kingdom Financial Group LLC. acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter valued at about $28,000. Independent Advisor Alliance increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 2.8% during the fourth quarter. Independent Advisor Alliance now owns 47,836 shares of the company’s stock worth $1,072,000 after purchasing an additional 1,324 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 34.2% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 6,044 shares of the company’s stock worth $135,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Chesapeake Wealth Management raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 318,400 shares of the company’s stock worth $7,104,000 after purchasing an additional 1,611 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $21.82 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.77 and a twelve month high of $22.87. The firm’s 50-day moving average price is $22.06 and its 200 day moving average price is $22.27.

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.