SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) shares saw an uptick in trading volume on Tuesday . 703,549 shares were traded during trading, a decline of 8% from the previous session’s volume of 762,891 shares.The stock last traded at $22.02 and had previously closed at $21.97.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.1 %

The company’s fifty day simple moving average is $22.41 and its two-hundred day simple moving average is $21.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPMB. Confluence Investment Management LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.4% in the 2nd quarter. Confluence Investment Management LLC now owns 2,901,057 shares of the company’s stock worth $62,576,000 after buying an additional 319,973 shares during the last quarter. Tsfg LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 2,326.1% in the 1st quarter. Tsfg LLC now owns 192,053 shares of the company’s stock worth $4,171,000 after buying an additional 184,137 shares during the last quarter. Hirtle Callaghan & Co LLC lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 5.7% in the 1st quarter. Hirtle Callaghan & Co LLC now owns 1,504,247 shares of the company’s stock worth $32,672,000 after buying an additional 81,635 shares during the last quarter. One Capital Management LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at about $543,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at about $488,000.

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.