JPMorgan Chase & Co. Decreases Stake in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

JPMorgan Chase & Co. trimmed its position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMBFree Report) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,203,378 shares of the company’s stock after selling 56,351 shares during the period. JPMorgan Chase & Co. owned 0.42% of SPDR Portfolio Mortgage Backed Bond ETF worth $27,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 666.7% during the 2nd quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. REAP Financial Group LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter worth approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth approximately $39,000. Root Financial Partners LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter worth approximately $65,000. Finally, CoreCap Advisors LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 145.8% during the 3rd quarter. CoreCap Advisors LLC now owns 2,969 shares of the company’s stock valued at $67,000 after acquiring an additional 1,761 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.1%

SPMB stock opened at $22.82 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.36 and a 12 month high of $22.87. The firm’s fifty day simple moving average is $22.55 and its 200-day simple moving average is $22.47.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

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

SPDR Portfolio Mortgage Backed Bond ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

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