SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Reaches New 52-Week High – Should You Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)’s stock price reached a new 52-week high on Friday . The stock traded as high as $22.77 and last traded at $22.7150, with a volume of 42221 shares trading hands. The stock had previously closed at $22.67.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

The firm’s 50-day moving average price is $22.49 and its 200 day moving average price is $22.42.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0715 dividend. This is a positive change from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 82.2% during the second quarter. Osaic Holdings Inc. now owns 225,714 shares of the company’s stock valued at $4,984,000 after purchasing an additional 101,830 shares during the period. Bristlecone Advisors LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter worth about $1,009,000. Baird Financial Group Inc. grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 12.8% in the 2nd quarter. Baird Financial Group Inc. now owns 310,301 shares of the company’s stock valued at $6,858,000 after buying an additional 35,330 shares in the last quarter. Altfest L J & Co. Inc. increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 2.8% during the 3rd quarter. Altfest L J & Co. Inc. now owns 831,705 shares of the company’s stock valued at $18,663,000 after buying an additional 22,568 shares during the period. Finally, CacheTech Inc. bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth about $2,190,000.

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.