Simplify MBS ETF (NYSEARCA:MTBA – Get Free Report) saw an uptick in trading volume on Monday. Approximately 1,625,116 shares were traded during mid-day trading, an increase of 651% from the previous session’s volume of 216,454 shares. The stock last traded at $46.8140 and had previously closed at $47.07.
Simplify MBS ETF Trading Down 0.6%
The business has a 50-day moving average price of $48.35 and a 200-day moving average price of $49.00.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC grew its stake in shares of Simplify MBS ETF by 2.4% during the second quarter. Tortoise Investment Management LLC now owns 527,409 shares of the company’s stock worth $25,880,000 after acquiring an additional 12,171 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Simplify MBS ETF in the 2nd quarter worth approximately $1,099,000. Tidal Investments LLC boosted its stake in Simplify MBS ETF by 12.0% in the 2nd quarter. Tidal Investments LLC now owns 173,768 shares of the company’s stock worth $8,527,000 after purchasing an additional 18,674 shares in the last quarter. Edge Wealth Management LLC grew its position in Simplify MBS ETF by 1.8% during the 2nd quarter. Edge Wealth Management LLC now owns 1,090,758 shares of the company’s stock worth $53,523,000 after purchasing an additional 19,399 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Simplify MBS ETF during the 2nd quarter worth approximately $1,396,000.
About Simplify MBS ETF
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.
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