Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Volume Increase – Here’s Why

Shares of Simplify MBS ETF (NYSEARCA:MTBA) saw an uptick in trading volume on Wednesday . 344,683 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 207,622 shares.The stock last traded at $48.84 and had previously closed at $48.71.

Simplify MBS ETF Stock Up 0.2%

The business’s fifty day moving average is $49.54 and its 200 day moving average is $50.14.

Institutional Investors Weigh In On Simplify MBS ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in Simplify MBS ETF by 7.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock valued at $106,623,000 after acquiring an additional 141,545 shares during the period. MML Investors Services LLC raised its holdings in Simplify MBS ETF by 7.1% during the 4th quarter. MML Investors Services LLC now owns 1,755,656 shares of the company’s stock valued at $88,503,000 after acquiring an additional 116,584 shares during the period. Edge Wealth Management LLC raised its holdings in Simplify MBS ETF by 211.3% during the 4th quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock valued at $50,412,000 after acquiring an additional 678,832 shares during the period. Watchman Group Inc. raised its holdings in Simplify MBS ETF by 5.6% during the 1st quarter. Watchman Group Inc. now owns 877,875 shares of the company’s stock valued at $43,420,000 after acquiring an additional 46,655 shares during the period. Finally, Hilton Capital Management LLC raised its holdings in Simplify MBS ETF by 0.6% during the 4th quarter. Hilton Capital Management LLC now owns 841,350 shares of the company’s stock valued at $42,412,000 after acquiring an additional 4,855 shares during the period.

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.