CMC Financial Group Buys Shares of 28,241 SPDR Portfolio Mortgage Backed Bond ETF $SPMB

CMC Financial Group bought a new position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the 1st quarter, Holdings Channel.com reports. The fund bought 28,241 shares of the company’s stock, valued at approximately $632,000. SPDR Portfolio Mortgage Backed Bond ETF comprises approximately 1.2% of CMC Financial Group’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC raised its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 76.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock valued at $27,000 after purchasing an additional 520 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at $28,000. Financial Consulate Inc. bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth $32,000. Crewe Advisors LLC boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% in the fourth quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock worth $35,000 after purchasing an additional 765 shares in the last quarter. Finally, Optima Capital LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth $36,000.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.04 on Wednesday. SPDR Portfolio Mortgage Backed Bond ETF has a one year low of $21.80 and a one year high of $22.87. The company’s fifty day moving average price is $22.20 and its two-hundred day moving average price is $22.38.

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.