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Mortgage rates hit multi-month high amid surging borrowing costs
Seeking Alpha News (Thu, 16-Jul 12:23 PM ET)
State Street SPDR Portfolio Mortgage Backed Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. agency mortgage pass-through sector of the U.S. investment grade bond market. In seeking to track the performance of the Bloomberg U.S. MBS Index, Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. The Index is designed to measure the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market. The term "U.S. agency mortgage pass-through security" refers to a category of pass-through securities backed by pools of mortgages and issued by one of the following U.S. government-sponsored enterprises: Government National Mortgage Association ("GNMA"); Federal National Mortgage Association ("FNMA") and Federal Home Loan Mortgage Corporation ("FHLMC").
State Street SPDR Portfolio Mortgage Backed Bond ETF trades on the ARCA stock market under the symbol SPMB.
As of July 16, 2026, SPMB stock price declined to $22.13 with 852,621 million shares trading.
SPMB has a beta of 0.06, meaning it tends to be less sensitive to market movements. SPMB has a correlation of 0.04 to the broad based SPY ETF.
SPMB has a market cap of $7.01 billion. This is considered a Mid Cap stock.
In the last 3 years, SPMB traded as high as $22.87 and as low as $20.00.
SPMB has underperformed the market in the last year with a price return of +5.8% while the SPY ETF gained +21.9%. SPMB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.6% and -0.2%, respectively, while the SPY returned +7.5% and +0.7%, respectively.
SPMB support price is $22.07 and resistance is $22.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPMB shares will trade within this expected range on the day.
