Simplify MBS ETF (NYSEARCA:MTBA) Hits New 1-Year Low – Here’s What Happened

Simplify MBS ETF (NYSEARCA:MTBA)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $48.63 and last traded at $48.64, with a volume of 5705 shares trading hands. The stock had previously closed at $48.82.

Simplify MBS ETF Stock Down 0.3%

The stock has a 50 day simple moving average of $49.06 and a two-hundred day simple moving average of $49.72.

Hedge Funds Weigh In On Simplify MBS ETF

A number of institutional investors have recently modified their holdings of the business. Edge Wealth Management LLC increased its stake in Simplify MBS ETF by 211.3% in the 4th quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock valued at $50,412,000 after buying an additional 678,832 shares during the period. MML Investors Services LLC lifted its stake in shares of Simplify MBS ETF by 7.1% in the 4th quarter. MML Investors Services LLC now owns 1,755,656 shares of the company’s stock worth $88,503,000 after acquiring an additional 116,584 shares during the period. WealthPlan Investment Management LLC acquired a new stake in shares of Simplify MBS ETF in the 4th quarter worth $5,869,000. Pekin Hardy Strauss Inc. boosted its holdings in shares of Simplify MBS ETF by 28.1% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 358,640 shares of the company’s stock valued at $18,079,000 after acquiring an additional 78,688 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its holdings in shares of Simplify MBS ETF by 25.4% in the fourth quarter. Peak Financial Advisors LLC now owns 374,576 shares of the company’s stock valued at $18,882,000 after acquiring an additional 75,983 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.