State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB)
State Street SPDR Portfolio Mortgage Backed Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $22.00, up 0.18% on the session, giving a market capitalisation of $7.10B. Its beta of 1.15 implies it has historically moved more than the broad market.
The State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB) aims to mirror the price and yield performance of the Bloomberg U.S. MBS Index, prior to accounting for fees and expenses. This cost-effective exchange-traded fund provides exposure to investment-grade agency mortgage-backed securities within the U.S. bond market. It is part of the State Street SPDR Portfolio lineup, a series of low-cost funds designed as core components for broad diversification across key asset classes. The fund's portfolio undergoes rebalancing on the last business day of each month.
State Street SPDR Portfolio Mortgage Backed Bond ETF is most often compared with the following Financial Services names: