Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw unusually-high trading volume on Thursday . 1,638,932 shares changed hands during mid-day 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 Trading Down 0.1%

The firm has a 50-day simple moving average of $25.02 and a 200-day simple moving average of $25.34.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $26,000. Aptus Capital Advisors LLC increased its holdings in shares of 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 purchasing an additional 648 shares during the period. Triumph Capital Management purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF in the third quarter worth $31,000. Bank of America Corp DE boosted its stake in Schwab Mortgage-Backed Securities ETF by 372.6% during the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock valued at $44,000 after buying an additional 1,345 shares during the period. Finally, Wells Fargo & Company MN grew its position in Schwab Mortgage-Backed Securities ETF by 451.1% during 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 in 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.