Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Volume Increase – Still a Buy?

Simplify MBS ETF (NYSEARCA:MTBA) saw unusually-high trading volume on Wednesday . Approximately 344,683 shares changed hands during trading, an increase of 66% from the previous session’s volume of 207,622 shares.The stock last traded at $48.84 and had previously closed at $48.71.

Simplify MBS ETF Stock Performance

The business’s fifty day moving average price is $49.59 and its 200-day moving average price is $50.16.

Hedge Funds Weigh In On Simplify MBS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in shares of Simplify MBS ETF by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock worth $106,623,000 after buying an additional 141,545 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Simplify MBS ETF by 7.1% in the fourth quarter. MML Investors Services LLC now owns 1,755,656 shares of the company’s stock worth $88,503,000 after buying an additional 116,584 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in shares of Simplify MBS ETF by 211.3% in the fourth quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock worth $50,412,000 after buying an additional 678,832 shares during the last quarter. Watchman Group Inc. boosted its holdings in shares of Simplify MBS ETF by 5.6% in the first quarter. Watchman Group Inc. now owns 877,875 shares of the company’s stock worth $43,420,000 after buying an additional 46,655 shares during the last quarter. Finally, Hilton Capital Management LLC boosted its holdings in shares of Simplify MBS ETF by 0.6% in the fourth quarter. Hilton Capital Management LLC now owns 841,350 shares of the company’s stock worth $42,412,000 after buying an additional 4,855 shares during the last quarter.

About Simplify MBS ETF

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. MTBA was launched on Nov 6, 2023 and is issued by Simplify.