Confluence Investment Management LLC Acquires New Shares in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Confluence Investment Management LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,301,336 shares of the company’s stock, valued at approximately $69,790,000.

Several other hedge funds have also recently modified their holdings of SPMB. Emergent Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter valued at $43,000. Compass Financial Management LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $43,000. Jim Saulnier & Associates LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $57,000. Avant Capital LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth about $62,000. Finally, Pacifica Partners Inc. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter valued at about $72,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of NYSEARCA SPMB traded up $0.01 during trading on Thursday, reaching $21.14. 1,568,939 shares of the company traded hands, compared to its average volume of 1,116,375. The firm has a 50 day simple moving average of $21.81 and a 200-day simple moving average of $22.11. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $20.96 and a 52-week high of $22.87.

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.