Mutual Advisors LLC Reduces SPDR Mortgage Bond ETF Holdings by 14.1%

Mutual Advisors LLC has reduced its stake in the SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA: SPMB) by 14.1% during the second quarter of 2023. According to the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC), Mutual Advisors now holds 173,329 shares of the ETF after selling 28,334 shares in the quarter. The current value of these holdings stands at approximately $3,796,000.

Several other institutional investors have also recently adjusted their positions in the SPDR Portfolio Mortgage Backed Bond ETF. Notably, Hexagon Capital Partners LLC increased its stake by 35.9% in the first quarter, now owning 6,734 shares valued at $148,000 after acquiring an additional 1,779 shares.

In a significant move, Sachetta LLC raised its position by an astonishing 437.1% during the second quarter, resulting in ownership of 7,246 shares valued at $160,000 following an additional purchase of 5,897 shares. Meanwhile, Creative Financial Designs Inc. ADV also boosted its holdings by 101.0% in the first quarter, now owning 13,330 shares worth $294,000 after increasing its stake by 6,697 shares.

Another notable transaction occurred when MJT & Associates Financial Advisory Group Inc. purchased a new position in the ETF during the first quarter, valued at $446,000. Lastly, Belpointe Asset Management LLC expanded its position by 27.4% in the second quarter, bringing its total to 21,179 shares valued at $468,000 after acquiring an additional 4,556 shares.

Current Performance of SPDR Portfolio Mortgage Backed Bond ETF

As of the latest trading session, shares of the SPDR Portfolio Mortgage Backed Bond ETF opened at $22.55. The ETF has shown a fifty-day simple moving average of $22.31 and a two-hundred day simple moving average of $22.00. Over the past year, the ETF reached a low of $21.20 and a high of $22.63.

The SPDR Portfolio Mortgage Backed Bond ETF, launched on January 15, 2009, is designed to track the performance of the Bloomberg U.S. MBS Index, which includes U.S. agency mortgage pass-through debt. The fund is managed by State Street and serves as a key investment vehicle for those seeking exposure to the mortgage-backed securities market.

For further details on other hedge funds holding shares of the SPDR Portfolio Mortgage Backed Bond ETF, interested parties can visit HoldingsChannel.com for the latest Form 13F filings and insider trades. Additionally, investors can subscribe to MarketBeat.com’s daily newsletter for a concise summary of news and analyst ratings related to the ETF and its peers.