Schwallier Wealth Management LLC Buys Shares of 176,192 Schwab Mortgage-Backed Securities ETF $SMBS

Schwallier Wealth Management LLC purchased a new stake in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 176,192 shares of the company’s stock, valued at approximately $4,502,000. Schwab Mortgage-Backed Securities ETF makes up 3.3% of Schwallier Wealth Management LLC’s holdings, making the stock its 8th biggest position. Schwallier Wealth Management LLC owned 0.07% of Schwab Mortgage-Backed Securities ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at about $31,000. Aptus Capital Advisors LLC increased its holdings in Schwab Mortgage-Backed Securities ETF by 165.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after acquiring an additional 648 shares in the last quarter. Simplicity Wealth LLC acquired a new position in Schwab Mortgage-Backed Securities ETF during the first quarter worth about $275,000. Lodestar Private Asset Management LLC acquired a new position in Schwab Mortgage-Backed Securities ETF during the first quarter worth about $204,000. Finally, PNC Financial Services Group Inc. raised its position in Schwab Mortgage-Backed Securities ETF by 80.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,220 shares of the company’s stock worth $185,000 after acquiring an additional 3,209 shares during the last quarter.

Schwab Mortgage-Backed Securities ETF Stock Up 0.2%

Shares of NYSEARCA SMBS opened at $25.22 on Thursday. The firm’s 50-day moving average is $25.32 and its two-hundred day moving average is $25.57. Schwab Mortgage-Backed Securities ETF has a 12-month low of $25.00 and a 12-month high of $26.12.

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.