Exchange Capital Management Inc. Has $980,000 Stock Position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

Exchange Capital Management Inc. cut its position in shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,484 shares of the company’s stock after selling 7,433 shares during the quarter. Exchange Capital Management Inc.’s holdings in SPDR Portfolio Mortgage Backed Bond ETF were worth $980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPMB. Farther Finance Advisors LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 52.2% in the third quarter. Farther Finance Advisors LLC now owns 2,573 shares of the company’s stock worth $58,000 after acquiring an additional 882 shares during the period. Golden State Wealth Management LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth about $349,000. Strategic Blueprint LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 89.8% in the fourth quarter. Strategic Blueprint LLC now owns 55,923 shares of the company’s stock worth $1,205,000 after acquiring an additional 26,454 shares during the period. Crews Bank & Trust bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth about $106,000. Finally, Cary Street Partners Asset Management LLC raised its position in SPDR Portfolio Mortgage Backed Bond ETF by 1.9% in the third quarter. Cary Street Partners Asset Management LLC now owns 204,102 shares of the company’s stock worth $4,598,000 after acquiring an additional 3,765 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA SPMB opened at $21.84 on Tuesday. The company’s 50 day moving average is $21.56 and its 200-day moving average is $21.96. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $20.92 and a 12-month high of $22.76.

SPDR Portfolio Mortgage Backed Bond ETF 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.