Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) saw strong trading volume on Tuesday . 7,935,267 shares were traded during trading, an increase of 1,126% from the previous session’s volume of 647,417 shares.The stock last traded at $25.36 and had previously closed at $25.48.
Schwab Mortgage-Backed Securities ETF Price Performance
The firm has a 50 day moving average of $25.60 and a 200-day moving average of $25.72.
Institutional Trading of Schwab Mortgage-Backed Securities ETF
Several large investors have recently modified their holdings of SMBS. Charles Schwab Investment Management Inc. raised its stake in Schwab Mortgage-Backed Securities ETF by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 222,649,093 shares of the company’s stock valued at $5,716,516,000 after purchasing an additional 11,574,326 shares in the last quarter. CacheTech Inc. lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 2.8% during the 4th quarter. CacheTech Inc. now owns 390,201 shares of the company’s stock worth $10,018,000 after acquiring an additional 10,576 shares during the period. Adams Wealth Management lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 0.6% during the 4th quarter. Adams Wealth Management now owns 354,800 shares of the company’s stock worth $9,109,000 after acquiring an additional 2,226 shares during the period. Schwallier Wealth Management LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 1st quarter worth approximately $4,502,000. Finally, JPMorgan Chase & Co. bought a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $3,613,000.
About Schwab Mortgage-Backed Securities ETF
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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