Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Large Volume Increase – Here’s What Happened

Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw strong trading volume on Tuesday . 7,935,267 shares were traded during trading, an increase of 1,126% from the previous session’s volume of 647,417 shares.The stock last traded at $25.36 and had previously closed at $25.48.

Schwab Mortgage-Backed Securities ETF Trading Down 0.0%

The firm has a 50-day moving average of $25.57 and a 200-day moving average of $25.70.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Several institutional investors and hedge funds have recently bought and sold shares of SMBS. Charles Schwab Investment Management Inc. grew its position in Schwab Mortgage-Backed Securities ETF by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 222,649,093 shares of the company’s stock worth $5,716,516,000 after acquiring an additional 11,574,326 shares during the last quarter. Schwallier Wealth Management LLC bought a new position in Schwab Mortgage-Backed Securities ETF during the 1st quarter worth approximately $4,502,000. JPMorgan Chase & Co. bought a new position in Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $3,613,000. Jane Street Group LLC grew its position in Schwab Mortgage-Backed Securities ETF by 349.1% during the 2nd quarter. Jane Street Group LLC now owns 73,568 shares of the company’s stock worth $1,874,000 after acquiring an additional 57,186 shares during the last quarter. Finally, CacheTech Inc. grew its position in Schwab Mortgage-Backed Securities ETF by 7.6% during the 3rd quarter. CacheTech Inc. now owns 379,625 shares of the company’s stock worth $9,760,000 after acquiring an additional 26,827 shares during 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.