SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 12-Month Low – Here’s What Happened

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) reached a new 52-week low on Tuesday. The company traded as low as $21.13 and last traded at $21.17, with a volume of 2355069 shares trading hands. The stock had previously closed at $21.32.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The company has a 50-day simple moving average of $21.81 and a 200-day simple moving average of $22.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPMB. QRG Capital Management Inc. acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at about $188,000. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 36.7% during the second quarter. Envestnet Asset Management Inc. now owns 417,748 shares of the company’s stock worth $9,870,000 after purchasing an additional 112,120 shares in the last quarter. Lunt Capital Management Inc. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth approximately $514,000. Integrated Wealth Concepts LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.9% during the second quarter. Integrated Wealth Concepts LLC now owns 207,876 shares of the company’s stock worth $4,638,000 after purchasing an additional 1,760 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.8% during the second quarter. RFG Advisory LLC now owns 56,623 shares of the company’s stock valued at $1,263,000 after purchasing an additional 4,111 shares during the last quarter.

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.