SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 1-Year High – Should You Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.77 and last traded at $22.7150, with a volume of 42221 shares traded. The stock had previously closed at $22.67.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.2%

The stock has a fifty day moving average of $22.48 and a 200-day moving average of $22.42.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0715 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several institutional investors have recently bought and sold shares of SPMB. Financial Engines Advisors L.L.C. lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock worth $4,231,117,000 after acquiring an additional 2,759,654 shares during the period. State Street Corp boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 69.8% in the 4th quarter. State Street Corp now owns 5,020,182 shares of the company’s stock valued at $112,527,000 after purchasing an additional 2,064,451 shares in the last quarter. LPL Financial LLC increased its position in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after purchasing an additional 1,974,582 shares during the period. Financial Plan Inc. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth approximately $23,264,000. Finally, Collier Financial acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at approximately $13,167,000.

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.