Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.41 and last traded at $24.48, with a volume of 1953516 shares trading hands. The stock had previously closed at $24.51.
Schwab Mortgage-Backed Securities ETF Trading Down 0.1%
The business has a fifty day simple moving average of $25.00 and a 200 day simple moving average of $25.32.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $26,000. Allworth Financial LP grew its stake in shares of Schwab Mortgage-Backed Securities ETF by 4,100.0% in the fourth quarter. Allworth Financial LP now owns 2,268 shares of the company’s stock worth $58,000 after purchasing an additional 2,214 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Schwab Mortgage-Backed Securities ETF by 727.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,796 shares of the company’s stock valued at $72,000 after buying an additional 2,458 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $86,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the 4th quarter valued at $91,000.
Schwab Mortgage-Backed Securities ETF Company 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.
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