Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.74 and last traded at $24.7440, with a volume of 123440 shares trading hands. The stock had previously closed at $24.79.
Schwab Mortgage-Backed Securities ETF Price Performance
The company’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $25.36.
Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF
Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in Schwab Mortgage-Backed Securities ETF by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 222,649,093 shares of the company’s stock worth $5,716,516,000 after buying an additional 11,574,326 shares during the last quarter. CacheTech Inc. boosted its stake in shares of Schwab Mortgage-Backed Securities ETF by 2.8% during the 4th quarter. CacheTech Inc. now owns 390,201 shares of the company’s stock worth $10,018,000 after acquiring an additional 10,576 shares in the last quarter. Adams Wealth Management increased its holdings in shares of Schwab Mortgage-Backed Securities ETF by 0.6% during the 4th quarter. Adams Wealth Management now owns 354,800 shares of the company’s stock valued at $9,109,000 after acquiring an additional 2,226 shares during the last quarter. Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the 1st quarter valued at about $4,502,000. Finally, Citadel Advisors LLC raised its stake in shares of Schwab Mortgage-Backed Securities ETF by 129.9% in the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after acquiring an additional 91,198 shares in the last quarter.
About Schwab Mortgage-Backed Securities ETF
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.
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