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

Simplify MBS ETF (NYSEARCA:MTBA) saw strong trading volume on Wednesday . 344,683 shares traded 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 company’s 50-day moving average is $49.59 and its 200 day moving average is $50.16.

Institutional Trading of Simplify MBS ETF

Institutional investors have recently made changes to their positions in the stock. Steinberganna Wealth Management boosted its holdings in shares of Simplify MBS ETF by 1.8% during the 4th quarter. Steinberganna Wealth Management now owns 12,601 shares of the company’s stock valued at $635,000 after acquiring an additional 221 shares during the last quarter. Founders Financial Securities LLC boosted its holdings in shares of Simplify MBS ETF by 4.5% during the 1st quarter. Founders Financial Securities LLC now owns 5,708 shares of the company’s stock valued at $284,000 after acquiring an additional 246 shares during the last quarter. Longview Financial Advisors Inc. boosted its holdings in shares of Simplify MBS ETF by 1.1% during the 1st quarter. Longview Financial Advisors Inc. now owns 24,323 shares of the company’s stock valued at $1,203,000 after acquiring an additional 260 shares during the last quarter. Tranquilli Financial Advisor LLC boosted its holdings in shares of Simplify MBS ETF by 2.0% during the 3rd quarter. Tranquilli Financial Advisor LLC now owns 13,850 shares of the company’s stock valued at $697,000 after acquiring an additional 265 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Simplify MBS ETF by 1.9% during the 2nd quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock valued at $907,000 after acquiring an additional 343 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.