Simplify MBS ETF (NYSEARCA:MTBA) Sets New 52-Week Low – What’s Next?

Simplify MBS ETF (NYSEARCA:MTBAGet Free Report) shares reached a new 52-week low on Monday . The company traded as low as $48.88 and last traded at $48.88, with a volume of 163386 shares changing hands. The stock had previously closed at $48.98.

Simplify MBS ETF Trading Down 0.0%

The firm has a fifty day simple moving average of $49.65 and a 200-day simple moving average of $50.18.

Institutional Trading of Simplify MBS ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Edge Wealth Management LLC grew its stake in Simplify MBS ETF by 211.3% in the 4th quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock valued at $50,412,000 after buying an additional 678,832 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Simplify MBS ETF by 1,841.0% during the third quarter. CreativeOne Wealth LLC now owns 613,270 shares of the company’s stock worth $30,878,000 after acquiring an additional 581,675 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Simplify MBS ETF by 7.2% during the third quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock worth $106,623,000 after acquiring an additional 141,545 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Simplify MBS ETF by 7.1% during the fourth quarter. MML Investors Services LLC now owns 1,755,656 shares of the company’s stock worth $88,503,000 after acquiring an additional 116,584 shares during the period. Finally, WealthPlan Investment Management LLC acquired a new position in shares of Simplify MBS ETF in the fourth quarter valued at approximately $5,869,000.

Simplify MBS ETF Company Profile

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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.

Further Reading

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