Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.74 and last traded at $24.7440, with a volume of 123440 shares traded. The stock had previously closed at $24.79.
Schwab Mortgage-Backed Securities ETF Trading Down 0.1%
The firm has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $25.36.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its holdings in 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 acquiring an additional 648 shares during the period. Summit Financial LLC grew its position in shares of Schwab Mortgage-Backed Securities ETF by 0.6% in the fourth quarter. Summit Financial LLC now owns 106,922 shares of the company’s stock valued at $2,745,000 after purchasing an additional 655 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Schwab Mortgage-Backed Securities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock valued at $347,000 after purchasing an additional 913 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the second quarter valued at about $26,000. Finally, Triumph Capital Management bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the third quarter worth about $31,000.
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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