Symphony Financial Ltd. Co. Takes $13.20 Million Position in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Symphony Financial Ltd. Co. acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 591,638 shares of the company’s stock, valued at approximately $13,199,000. SPDR Portfolio Mortgage Backed Bond ETF accounts for about 1.5% of Symphony Financial Ltd. Co.’s investment portfolio, making the stock its 18th biggest position. Symphony Financial Ltd. Co. owned about 0.19% of SPDR Portfolio Mortgage Backed Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in SPDR Portfolio Mortgage Backed Bond ETF by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 10,582 shares of the company’s stock worth $237,000 after purchasing an additional 816 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at approximately $28,000. Independent Advisor Alliance increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 2.8% during the 4th quarter. Independent Advisor Alliance now owns 47,836 shares of the company’s stock worth $1,072,000 after buying an additional 1,324 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 34.2% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 6,044 shares of the company’s stock worth $135,000 after buying an additional 1,540 shares during the last quarter. Finally, Chesapeake Wealth Management raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 318,400 shares of the company’s stock valued at $7,104,000 after buying an additional 1,611 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.7%

SPMB opened at $21.82 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 business’s 50 day moving average price is $22.08 and its 200 day moving average price is $22.27.

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.