Fifth Third Bancorp Invests $1.28 Million in SPDR Portfolio Mortgage Backed Bond ETF $SPMB

Fifth Third Bancorp bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 57,245 shares of the company’s stock, valued at approximately $1,282,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock worth $4,231,117,000 after purchasing an additional 2,759,654 shares in the last quarter. LPL Financial LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after buying an additional 1,974,582 shares during the period. Stifel Financial Corp lifted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 7.4% during the 4th quarter. Stifel Financial Corp now owns 7,602,932 shares of the company’s stock worth $170,420,000 after buying an additional 523,944 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 5.9% during the 4th quarter. Benjamin Edwards Inc. now owns 6,119,180 shares of the company’s stock worth $137,160,000 after buying an additional 340,043 shares in the last quarter. Finally, State Street Corp boosted its position in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after buying an additional 1,843,991 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.1%

Shares of NYSEARCA SPMB opened at $21.97 on Friday. The business’s fifty day simple moving average is $22.19 and its 200-day simple moving average is $22.37. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $21.84 and a 12-month high of $22.87.

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.