Simplify MBS ETF (NYSEARCA:MTBA) Hits New 1-Year Low – Here’s Why

Shares of Simplify MBS ETF (NYSEARCA:MTBA) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $48.37 and last traded at $48.40, with a volume of 261254 shares. The stock had previously closed at $48.58.

Simplify MBS ETF Trading Down 0.4%

The stock has a fifty day simple moving average of $48.84 and a 200 day simple moving average of $49.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of Simplify MBS ETF during the fourth quarter valued at approximately $71,000. Raymond James Financial Inc. purchased a new position in Simplify MBS ETF during the second quarter valued at $111,000. Harbour Investments Inc. grew its stake in Simplify MBS ETF by 105.3% during the fourth quarter. Harbour Investments Inc. now owns 2,580 shares of the company’s stock valued at $130,000 after acquiring an additional 1,323 shares in the last quarter. Strive Financial Group LLC bought a new stake in Simplify MBS ETF in the 4th quarter valued at $140,000. Finally, Arax Advisory Partners bought a new stake in Simplify MBS ETF in the 4th quarter valued at $154,000.

Simplify MBS ETF Company Profile

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.