Prime Capital Investment Advisors LLC Trims Stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

Prime Capital Investment Advisors LLC lessened its stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,032 shares of the company’s stock after selling 24,802 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $1,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hirtle Callaghan & Co LLC grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 5.7% during the first quarter. Hirtle Callaghan & Co LLC now owns 1,504,247 shares of the company’s stock valued at $32,672,000 after buying an additional 81,635 shares during the period. Confluence Investment Management LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.4% in the second quarter. Confluence Investment Management LLC now owns 2,901,057 shares of the company’s stock valued at $62,576,000 after acquiring an additional 319,973 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $488,000. Arden Trust Co boosted its position in SPDR Portfolio Mortgage Backed Bond ETF by 0.6% during the second quarter. Arden Trust Co now owns 84,322 shares of the company’s stock worth $1,819,000 after acquiring an additional 541 shares during the last quarter. Finally, Tsfg LLC boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% during the 2nd quarter. Tsfg LLC now owns 209,648 shares of the company’s stock worth $4,522,000 after purchasing an additional 17,595 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA SPMB opened at $21.72 on Friday. The stock’s fifty day moving average is $22.23 and its two-hundred day moving average is $21.93. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $20.88 and a fifty-two week high of $22.76.

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.