Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Reaches New 12-Month Low – Here’s Why

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $24.91 and last traded at $24.92, with a volume of 22006 shares. The stock had previously closed at $25.02.

Schwab Mortgage-Backed Securities ETF Stock Down 0.4%

The firm has a 50 day simple moving average of $25.27 and a 200 day simple moving average of $25.52.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Large investors have recently modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in Schwab Mortgage-Backed Securities ETF by 165.3% during the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after acquiring an additional 648 shares in the last quarter. Summit Financial LLC lifted its stake in Schwab Mortgage-Backed Securities ETF by 0.6% in the 4th quarter. Summit Financial LLC now owns 106,922 shares of the company’s stock worth $2,745,000 after purchasing an additional 655 shares in the last quarter. Cetera Investment Advisers lifted its stake in Schwab Mortgage-Backed Securities ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $347,000 after purchasing an additional 913 shares in the last quarter. Chapman Financial Group LLC lifted its stake in Schwab Mortgage-Backed Securities ETF by 4.8% in the 4th quarter. Chapman Financial Group LLC now owns 25,281 shares of the company’s stock worth $649,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Triumph Capital Management bought a new position in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at $31,000.

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.