SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 12-Month Low – Time to Sell?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) hit a new 52-week low on Tuesday . The stock traded as low as $21.84 and last traded at $21.86, with a volume of 140056 shares changing hands. The stock had previously closed at $21.97.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The business’s 50 day simple moving average is $22.06 and its 200-day simple moving average is $22.27.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $32,672,000. Corient Private Wealth LP bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at about $961,000. Tobias Financial Advisors Inc. acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at approximately $75,000. DMC Group LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at approximately $4,443,000. Finally, Studio Investment Management LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth approximately $1,697,000.

About SPDR Portfolio Mortgage Backed Bond ETF

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.