Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $24.91 and last traded at $24.92, with a volume of 22006 shares changing hands. The stock had previously closed at $25.02.
Schwab Mortgage-Backed Securities ETF Stock Performance
The company has a 50 day moving average of $25.26 and a 200-day moving average of $25.51.
Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 165.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after purchasing an additional 648 shares during the last quarter. Triumph Capital Management acquired a new stake in Schwab Mortgage-Backed Securities ETF in the third quarter worth $31,000. Bank of America Corp DE increased its position in Schwab Mortgage-Backed Securities ETF by 372.6% in the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after buying an additional 1,345 shares during the period. Wells Fargo & Company MN lifted its stake in Schwab Mortgage-Backed Securities ETF by 451.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after buying an additional 1,421 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Schwab Mortgage-Backed Securities ETF in the second quarter valued at $49,000.
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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