Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $23.99 and last traded at $24.0690, with a volume of 19850 shares changing hands. The stock had previously closed at $24.25.
Schwab Mortgage-Backed Securities ETF Stock Performance
The company has a 50 day moving average price of $24.85 and a two-hundred day moving average price of $25.22.
Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the second quarter valued at about $26,000. Citadel Advisors LLC raised its position in shares of Schwab Mortgage-Backed Securities ETF by 129.9% during the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock worth $4,103,000 after purchasing an additional 91,198 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth about $357,000. Bank of America Corp DE lifted its stake in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the 1st quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock valued at $661,000 after buying an additional 25,870 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Schwab Mortgage-Backed Securities ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock valued at $347,000 after buying an additional 913 shares in the last quarter.
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.
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