Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Volume Increase – Should You Buy?

Simplify MBS ETF (NYSEARCA:MTBA) shares saw strong trading volume on Wednesday . 576,016 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 248,050 shares.The stock last traded at $50.4550 and had previously closed at $50.52.

Simplify MBS ETF Stock Performance

The firm has a 50-day moving average price of $50.47 and a 200 day moving average price of $50.43.

Simplify MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were paid a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is a boost from Simplify MBS ETF’s previous monthly dividend of $0.02. The ex-dividend date was Tuesday, January 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MTBA. Edge Wealth Management LLC increased its stake in Simplify MBS ETF by 211.3% during the 4th quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock worth $50,412,000 after buying an additional 678,832 shares during the period. CreativeOne Wealth LLC grew its stake in shares of Simplify MBS ETF by 1,841.0% in 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 in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Simplify MBS ETF in the second quarter worth $13,278,000. True Wealth Design LLC purchased a new stake in shares of Simplify MBS ETF during the second quarter worth $10,155,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Simplify MBS ETF by 7.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock valued at $106,623,000 after acquiring an additional 141,545 shares in the last quarter.

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.