Wealth Enhancement Advisory Services LLC Purchases 371,902 Shares of SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

Wealth Enhancement Advisory Services LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) by 14.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,920,540 shares of the company’s stock after acquiring an additional 371,902 shares during the period. SPDR Portfolio Mortgage Backed Bond ETF accounts for about 1.4% of Wealth Enhancement Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding. Wealth Enhancement Advisory Services LLC owned about 2.15% of SPDR Portfolio Mortgage Backed Bond ETF worth $75,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Certified Advisory Corp bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the first quarter worth $3,533,000. Exchange Capital Management Inc. increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 5.6% in the 1st quarter. Exchange Capital Management Inc. now owns 72,243 shares of the company’s stock worth $1,873,000 after acquiring an additional 3,851 shares in the last quarter. Penobscot Investment Management Company Inc. purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 1st quarter valued at about $2,479,000. Wealthcare Advisory Partners LLC boosted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 84.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 244,604 shares of the company’s stock worth $6,343,000 after acquiring an additional 112,259 shares in the last quarter. Finally, Front Row Advisors LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the first quarter worth about $104,000.

Shares of SPMB stock traded down $0.03 during trading hours on Friday, hitting $25.87. 375 shares of the company’s stock traded hands, compared to its average volume of 883,781. The stock has a fifty day moving average price of $25.94. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $25.83 and a 12-month high of $26.87.

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Institutional Ownership by Quarter for SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB)

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