Confluence Investment Management LLC Takes Position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

Confluence Investment Management LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,581,084 shares of the company’s stock, valued at approximately $56,061,000. Confluence Investment Management LLC owned 1.26% of SPDR Portfolio Mortgage Backed Bond ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Hirtle Callaghan & Co LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 7.6% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 1,422,612 shares of the company’s stock worth $31,397,000 after purchasing an additional 100,498 shares during the last quarter. Certified Advisory Corp raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 6.7% during the third quarter. Certified Advisory Corp now owns 295,961 shares of the company’s stock worth $5,673,000 after purchasing an additional 18,501 shares during the last quarter. Tidemark LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth $3,224,000. Cambridge Investment Research Advisors Inc. raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 12.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 142,324 shares of the company’s stock worth $3,141,000 after purchasing an additional 16,252 shares during the last quarter. Finally, Arden Trust Co raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 15.3% during the fourth quarter. Arden Trust Co now owns 111,231 shares of the company’s stock worth $2,455,000 after purchasing an additional 14,785 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

SPDR Portfolio Mortgage Backed Bond ETF stock traded up $0.09 during mid-day trading on Tuesday, hitting $21.76. 291,868 shares of the company were exchanged, compared to its average volume of 805,413. The business’s 50 day simple moving average is $21.32 and its two-hundred day simple moving average is $21.58. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $20.00 and a 12-month high of $22.18.

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.