Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Large Volume Increase – Still a Buy?

Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw an uptick in trading volume on Thursday . 1,638,932 shares traded hands during trading, an increase of 141% from the previous session’s volume of 680,036 shares.The stock last traded at $24.5650 and had previously closed at $24.73.

Schwab Mortgage-Backed Securities ETF Stock Performance

The stock has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $25.35.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at $26,000. Aptus Capital Advisors LLC raised its stake in Schwab Mortgage-Backed Securities ETF by 165.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after buying an additional 648 shares in the last quarter. Triumph Capital Management bought a new position in Schwab Mortgage-Backed Securities ETF in the third quarter worth about $31,000. Bank of America Corp DE lifted its holdings in Schwab Mortgage-Backed Securities ETF by 372.6% in the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after buying an additional 1,345 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Schwab Mortgage-Backed Securities ETF by 451.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock worth $45,000 after buying an additional 1,421 shares during the period.

About Schwab Mortgage-Backed Securities ETF

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.