Simplify MBS ETF (NYSEARCA:MTBA – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $47.42 and last traded at $47.46, with a volume of 1707245 shares. The stock had previously closed at $47.65.
Simplify MBS ETF Trading Down 0.4%
The stock’s fifty day moving average is $48.57 and its 200 day moving average is $49.16.
Hedge Funds Weigh In On Simplify MBS ETF
Several hedge funds and other institutional investors have recently modified their holdings of MTBA. Tortoise Investment Management LLC boosted its holdings in shares of Simplify MBS ETF by 2.4% during the second quarter. Tortoise Investment Management LLC now owns 527,409 shares of the company’s stock worth $25,880,000 after purchasing an additional 12,171 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Simplify MBS ETF during the 2nd quarter valued at about $1,099,000. Tidal Investments LLC raised its position in Simplify MBS ETF by 12.0% during the 2nd quarter. Tidal Investments LLC now owns 173,768 shares of the company’s stock valued at $8,527,000 after purchasing an additional 18,674 shares during the last quarter. Edge Wealth Management LLC raised its position in Simplify MBS ETF by 1.8% during the 2nd quarter. Edge Wealth Management LLC now owns 1,090,758 shares of the company’s stock valued at $53,523,000 after purchasing an additional 19,399 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Simplify MBS ETF in the 2nd quarter worth approximately $1,396,000.
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.
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