Simplify MBS ETF (NYSEARCA:MTBA) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Simplify MBS ETF (NYSEARCA:MTBA) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $47.59 and traded as high as $47.63. Simplify MBS ETF shares last traded at $47.63, with a volume of 253,112 shares.

Simplify MBS ETF Price Performance

The business’s 50 day moving average price is $47.59 and its 200-day moving average price is $49.05.

Hedge Funds Weigh In On Simplify MBS ETF

Several institutional investors have recently made changes to their positions in the stock. BOKF NA bought a new stake in Simplify MBS ETF in the 3rd quarter valued at about $35,000. Rockefeller Capital Management L.P. grew its position in Simplify MBS ETF by 275.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,750 shares of the company’s stock worth $189,000 after purchasing an additional 2,750 shares during the last quarter. Graham Capital Wealth Management LLC bought a new position in Simplify MBS ETF in the 3rd quarter worth about $214,000. Trust Point Inc. acquired a new stake in shares of Simplify MBS ETF in the second quarter valued at approximately $303,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Simplify MBS ETF in the first quarter valued at approximately $313,000.

Simplify MBS ETF Company Profile

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.