Simplify MBS ETF (NYSEARCA:MTBA) Reaches New 12-Month Low – Time to Sell?

Simplify MBS ETF (NYSEARCA:MTBA) hit a new 52-week low during trading on Wednesday . The stock traded as low as $48.56 and last traded at $48.62, with a volume of 102084 shares trading hands. The stock had previously closed at $48.75.

Simplify MBS ETF Price Performance

The stock has a 50-day moving average of $49.04 and a two-hundred day moving average of $49.67.

Institutional Trading of Simplify MBS ETF

A number of hedge funds have recently bought and sold shares of MTBA. 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 period. Watchman Group Inc. raised its holdings in shares of Simplify MBS ETF by 5.6% during the first quarter. Watchman Group Inc. now owns 877,875 shares of the company’s stock valued at $43,420,000 after acquiring an additional 46,655 shares during the period. Hilton Capital Management LLC lifted its position in shares of Simplify MBS ETF by 0.6% in the 4th quarter. Hilton Capital Management LLC now owns 841,350 shares of the company’s stock valued at $42,412,000 after acquiring an additional 4,855 shares in the last quarter. LPL Financial LLC lifted its position in shares of Simplify MBS ETF by 1.3% in the 4th quarter. LPL Financial LLC now owns 561,544 shares of the company’s stock valued at $28,307,000 after acquiring an additional 7,056 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Simplify MBS ETF by 12.5% in the 4th quarter. Tortoise Investment Management LLC now owns 470,695 shares of the company’s stock valued at $23,728,000 after acquiring an additional 52,377 shares in 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.