SPDR Bloomberg Barclays Mortgage Backed Bond ETF (MBG) Sees Unusually-High Trading Volume

Shares of SPDR Bloomberg Barclays Mortgage Backed Bond ETF (NYSEARCA:MBG) saw unusually-strong trading volume on Friday . Approximately 786,857 shares changed hands during trading, an increase of 604% from the previous session’s volume of 111,798 shares.The stock last traded at $25.98 and had previously closed at $25.93.

The company also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were given a dividend of $0.0742 per share. The ex-dividend date was Wednesday, May 1st. This is a positive change from SPDR Bloomberg Barclays Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a dividend yield of 3.42%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new stake in SPDR Bloomberg Barclays Mortgage Backed Bond ETF in the fourth quarter worth $50,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in SPDR Bloomberg Barclays Mortgage Backed Bond ETF by 1,730.3% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 6,095 shares of the company’s stock worth $155,000 after acquiring an additional 5,762 shares in the last quarter. Sage Advisory Services Ltd.Co. bought a new stake in SPDR Bloomberg Barclays Mortgage Backed Bond ETF in the fourth quarter worth $261,000. AdvisorNet Financial Inc boosted its holdings in SPDR Bloomberg Barclays Mortgage Backed Bond ETF by 13.2% in the fourth quarter. AdvisorNet Financial Inc now owns 37,945 shares of the company’s stock worth $964,000 after acquiring an additional 4,419 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in SPDR Bloomberg Barclays Mortgage Backed Bond ETF by 10.1% in the fourth quarter. Fisher Asset Management LLC now owns 39,050 shares of the company’s stock worth $992,000 after acquiring an additional 3,590 shares in the last quarter.

WARNING: This story was published by Rockland Register and is owned by of Rockland Register. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://rocklandregister.com/2019/05/31/spdr-bloomberg-barclays-mortgage-backed-bond-etf-mbg-sees-unusually-high-trading-volume.html.

About SPDR Bloomberg Barclays Mortgage Backed Bond ETF (NYSEARCA:MBG)

SPDR Barclays Mortgage Backed Bond ETF (the Fund), formerly SPDR Barclays Capital Mortgage Backed Bond ETF, investment objective is to replicate, as closely as possible, the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of the United States Agency mortgage pass-through segment of the United States investment grade bond market.

See Also: What is a short straddle?

Receive News & Ratings for SPDR Bloomberg Barclays Mortgage Backed Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Barclays Mortgage Backed Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.