Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) saw strong trading volume on Tuesday. 4,814,599 shares traded hands during trading, an increase of 505% from the previous session’s volume of 795,207 shares. The stock last traded at $24.1360 and had previously closed at $24.07.
Schwab Mortgage-Backed Securities ETF Price Performance
The stock’s fifty day moving average is $24.64 and its 200 day moving average is $25.11.
Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in shares of Schwab Mortgage-Backed Securities ETF by 7.2% during the 1st 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 purchased a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at $26,000. Rockefeller Capital Management L.P. raised its holdings in 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 valued at $72,000 after buying an additional 2,458 shares during the period. Lodestar Private Asset Management LLC bought a new stake in Schwab Mortgage-Backed Securities ETF in the first quarter worth $204,000. Finally, Simplicity Wealth LLC bought a new stake in Schwab Mortgage-Backed Securities ETF in the first quarter worth $275,000.
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.
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