Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $24.77 and last traded at $24.82, with a volume of 13916 shares changing hands. The stock had previously closed at $24.96.
Schwab Mortgage-Backed Securities ETF Trading Down 0.5%
The company’s 50-day moving average is $25.14 and its 200-day moving average is $25.41.
Institutional Trading of Schwab Mortgage-Backed Securities ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC lifted its holdings in Schwab Mortgage-Backed Securities ETF by 165.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after buying an additional 648 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the third quarter worth $31,000. Bank of America Corp DE lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 372.6% during the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock valued at $44,000 after acquiring an additional 1,345 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 451.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after acquiring an additional 1,421 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at about $49,000.
Schwab Mortgage-Backed Securities ETF Company Profile
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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