Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sets New 52-Week Low – Time to Sell?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $24.40 and last traded at $24.4150, with a volume of 221697 shares. The stock had previously closed at $24.57.

Schwab Mortgage-Backed Securities ETF Stock Performance

The firm’s 50 day simple moving average is $24.89 and its 200 day simple moving average is $25.24.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the second quarter worth approximately $26,000. Rockefeller Capital Management L.P. lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 727.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,796 shares of the company’s stock worth $72,000 after purchasing an additional 2,458 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Schwab Mortgage-Backed Securities ETF in the fourth quarter valued at about $86,000. Private Wealth Asset Management LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the fourth quarter worth about $91,000. Finally, PNC Financial Services Group Inc. raised its holdings in Schwab Mortgage-Backed Securities ETF by 80.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,220 shares of the company’s stock worth $185,000 after purchasing an additional 3,209 shares in the last quarter.

Schwab Mortgage-Backed Securities ETF Company Profile

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.