Convergence Financial LLC Invests $11.75 Million in Simplify MBS ETF (NYSEARCA:MTBA)

Convergence Financial LLC purchased a new stake in Simplify MBS ETF (NYSEARCA:MTBA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 236,472 shares of the company’s stock, valued at approximately $11,750,000. Simplify MBS ETF makes up 2.3% of Convergence Financial LLC’s holdings, making the stock its 12th biggest holding. Convergence Financial LLC owned 1.82% of Simplify MBS ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hilton Capital Management LLC acquired a new stake in Simplify MBS ETF in the third quarter valued at $39,655,000. Proficio Capital Partners LLC lifted its stake in shares of Simplify MBS ETF by 1,942.1% in the third quarter. Proficio Capital Partners LLC now owns 293,650 shares of the company’s stock valued at $15,117,000 after purchasing an additional 279,270 shares during the period. MML Investors Services LLC lifted its stake in shares of Simplify MBS ETF by 21.1% in the third quarter. MML Investors Services LLC now owns 1,189,169 shares of the company’s stock valued at $61,218,000 after purchasing an additional 207,038 shares during the period. Simplify Asset Management Inc. boosted its holdings in Simplify MBS ETF by 21.6% during the third quarter. Simplify Asset Management Inc. now owns 1,075,137 shares of the company’s stock worth $55,348,000 after buying an additional 190,684 shares in the last quarter. Finally, Compass Capital Corp MA ADV acquired a new position in Simplify MBS ETF during the fourth quarter worth about $9,221,000.

Simplify MBS ETF Stock Up 0.1 %

Shares of Simplify MBS ETF stock opened at $50.23 on Thursday. The company has a 50-day moving average of $49.74 and a two-hundred day moving average of $50.49. Simplify MBS ETF has a 12-month low of $49.10 and a 12-month high of $51.97.

Simplify MBS ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, February 25th.

Simplify MBS ETF Profile

The Simplify MBS ETF (MTBA) is an exchange-traded fund that mostly invests in investment grade fixed income. MBTA seeks total return from an actively managed portfolio consisting of investment-grade mortgage-backed securities (MBS). The fund primarily includes residential or commercial MBS issued by government-sponsored entities, as well as non-agency MBS.