Simplify MBS ETF (NYSEARCA:MTBA – Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $47.44 and traded as low as $47.36. Simplify MBS ETF shares last traded at $47.42, with a volume of 110,299 shares trading hands.
Simplify MBS ETF Price Performance
The stock’s 50 day simple moving average is $47.40 and its 200-day simple moving average is $48.90.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Edge Wealth Management LLC lifted its stake in Simplify MBS ETF by 1.8% in the 2nd quarter. Edge Wealth Management LLC now owns 1,090,758 shares of the company’s stock valued at $53,523,000 after acquiring an additional 19,399 shares in the last quarter. Tortoise Investment Management LLC boosted its position in Simplify MBS ETF by 2.4% during the 2nd 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. Pekin Hardy Strauss Inc. bought a new position in shares of Simplify MBS ETF during the 3rd quarter worth approximately $17,813,000. Royal Bank of Canada grew its stake in shares of Simplify MBS ETF by 15.8% during the 1st quarter. Royal Bank of Canada now owns 291,789 shares of the company’s stock worth $14,432,000 after acquiring an additional 39,859 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its stake in shares of Simplify MBS ETF by 9.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 299,214 shares of the company’s stock worth $13,991,000 after acquiring an additional 26,102 shares in the last quarter.
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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