Schwallier Wealth Management LLC Makes New $4.50 Million Investment in Schwab Mortgage-Backed Securities ETF $SMBS

Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) during the 1st quarter, Holdings Channel reports. The fund acquired 176,192 shares of the company’s stock, valued at approximately $4,502,000. Schwab Mortgage-Backed Securities ETF accounts for about 3.3% of Schwallier Wealth Management LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC increased its stake in Schwab Mortgage-Backed Securities ETF by 165.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after purchasing an additional 648 shares during the last quarter. Triumph Capital Management acquired a new stake in Schwab Mortgage-Backed Securities ETF in the 3rd quarter worth about $31,000. Bank of America Corp DE boosted its stake in Schwab Mortgage-Backed Securities ETF by 372.6% in the 3rd quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after buying an additional 1,345 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Schwab Mortgage-Backed Securities ETF by 451.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after buying an additional 1,421 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at about $49,000.

Schwab Mortgage-Backed Securities ETF Stock Up 0.2%

NYSEARCA SMBS opened at $25.22 on Thursday. Schwab Mortgage-Backed Securities ETF has a 12 month low of $25.00 and a 12 month high of $26.12. The company has a 50-day moving average of $25.32 and a 200-day moving average of $25.57.

Schwab Mortgage-Backed Securities ETF Profile

The Schwab Mortgage-Backed Securities ETF (SMBS) is an exchange-traded fund that is based on the Bloomberg US MBS – Float Adjusted index. The fund tracks a market value-weighted index of investment grade US mortgage-backed securities. SMBS was launched on Nov 19, 2024 and is issued by Charles Schwab.