SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Strong Trading Volume

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw an uptick in trading volume on Thursday . 2,813,527 shares were traded during mid-day trading, an increase of 216% from the previous session’s volume of 889,618 shares.The stock last traded at $20.98 and had previously closed at $21.07.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The firm has a 50-day moving average price of $21.48 and a two-hundred day moving average price of $21.39.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 68.1% during the first quarter. Private Trust Co. NA now owns 32,442 shares of the company’s stock worth $705,000 after buying an additional 13,145 shares in the last quarter. NBT Bank N A NY purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the first quarter worth approximately $27,000. Strategic Blueprint LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 1.0% during the first quarter. Strategic Blueprint LLC now owns 50,965 shares of the company’s stock worth $1,107,000 after buying an additional 492 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 28.5% during the first quarter. Hexagon Capital Partners LLC now owns 4,981 shares of the company’s stock worth $108,000 after buying an additional 1,105 shares in the last quarter. Finally, Tsfg LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 2,326.1% during the first quarter. Tsfg LLC now owns 192,053 shares of the company’s stock worth $4,171,000 after buying an additional 184,137 shares in 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.