SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw unusually-strong trading volume on Tuesday . Approximately 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 Stock Performance

The stock’s 50 day moving average price is $22.40 and its 200 day moving average price is $21.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tsfg LLC boosted its holdings 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 valued at $4,171,000 after buying an additional 184,137 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 28.5% in the first quarter. Hexagon Capital Partners LLC now owns 4,981 shares of the company’s stock valued at $108,000 after acquiring an additional 1,105 shares during the last quarter. Richardson Financial Services Inc. bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 1st quarter valued at about $35,000. Hirtle Callaghan & Co LLC raised its stake in SPDR Portfolio Mortgage Backed Bond ETF by 5.7% in the first quarter. Hirtle Callaghan & Co LLC now owns 1,504,247 shares of the company’s stock valued at $32,672,000 after buying an additional 81,635 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.4% during the 2nd quarter. Confluence Investment Management LLC now owns 2,901,057 shares of the company’s stock worth $62,576,000 after acquiring an additional 319,973 shares during the period.

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.