Nwam LLC Invests $2.46 Million in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Nwam LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 110,462 shares of the company’s stock, valued at approximately $2,464,000.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 8.4% during the 4th quarter. HighTower Advisors LLC now owns 10,582 shares of the company’s stock worth $237,000 after acquiring an additional 816 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter valued at about $28,000. Independent Advisor Alliance raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 2.8% in the fourth quarter. Independent Advisor Alliance now owns 47,836 shares of the company’s stock valued at $1,072,000 after purchasing an additional 1,324 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 34.2% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 6,044 shares of the company’s stock valued at $135,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 11.2% during the first quarter. Modera Wealth Management LLC now owns 15,994 shares of the company’s stock valued at $358,000 after purchasing an additional 1,616 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

NYSEARCA:SPMB opened at $21.82 on Wednesday. The stock’s 50-day moving average is $22.08 and its 200-day moving average is $22.27. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.80 and a 1-year high of $22.87.

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.