Collaborative Wealth Managment Inc. reduced its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Free Report) by 24.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,778 shares of the company’s stock after selling 61,956 shares during the quarter. SPDR Portfolio Mortgage Backed Bond ETF accounts for approximately 1.5% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 14th biggest position. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $4,321,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Alpha LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 2.7% in the 4th quarter. Advisory Alpha LLC now owns 2,256,536 shares of the company’s stock valued at $50,581,000 after buying an additional 60,015 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at $241,000. Kingdom Financial Group LLC. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at $28,000. Global Retirement Partners LLC increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.8% during the 4th quarter. Global Retirement Partners LLC now owns 35,859 shares of the company’s stock valued at $804,000 after purchasing an additional 4,070 shares during the last quarter. Finally, Northbridge Financial Group LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at $379,000.
SPDR Portfolio Mortgage Backed Bond ETF Price Performance
Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.16 on Tuesday. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.52 and a 1 year high of $22.87. The stock has a fifty day moving average price of $22.32 and a 200-day moving average price of $22.46.
SPDR Portfolio Mortgage Backed Bond ETF 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.
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Want to see what other hedge funds are holding SPMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Free Report).
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