Simplify MBS ETF (NYSEARCA:MTBA) Sets New 12-Month Low – What’s Next?

Shares of Simplify MBS ETF (NYSEARCA:MTBA) hit a new 52-week low during trading on Thursday . The company traded as low as $48.00 and last traded at $47.9750, with a volume of 6296 shares traded. The stock had previously closed at $48.28.

Simplify MBS ETF Trading Down 0.2%

The stock has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $49.21.

Hedge Funds Weigh In On Simplify MBS ETF

A number of institutional investors have recently modified their holdings of MTBA. Founders Financial Securities LLC raised its stake in shares of Simplify MBS ETF by 4.5% during the first quarter. Founders Financial Securities LLC now owns 5,708 shares of the company’s stock worth $284,000 after purchasing an additional 246 shares during the last quarter. Longview Financial Advisors Inc. grew its position in Simplify MBS ETF by 1.1% in the 1st quarter. Longview Financial Advisors Inc. now owns 24,323 shares of the company’s stock valued at $1,203,000 after buying an additional 260 shares during the last quarter. Osaic Holdings Inc. increased its stake in Simplify MBS ETF by 1.9% in the 2nd quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock valued at $907,000 after buying an additional 343 shares during the period. Cambridge Advisors Inc. increased its stake in Simplify MBS ETF by 1.9% in the 1st quarter. Cambridge Advisors Inc. now owns 19,506 shares of the company’s stock valued at $965,000 after buying an additional 363 shares during the period. Finally, Continuum Advisory LLC raised its position in Simplify MBS ETF by 1.5% during the 2nd quarter. Continuum Advisory LLC now owns 26,996 shares of the company’s stock worth $1,325,000 after buying an additional 398 shares during the last quarter.

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.