Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Hits New 52-Week Low – Here’s What Happened

Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) hit a new 52-week low on Tuesday . The company traded as low as $24.41 and last traded at $24.48, with a volume of 1953516 shares. The stock had previously closed at $24.51.

Schwab Mortgage-Backed Securities ETF Stock Down 0.2%

The company has a 50 day simple moving average of $24.98 and a 200-day simple moving average of $25.30.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SMBS. Integrated Wealth Concepts LLC bought a new position in Schwab Mortgage-Backed Securities ETF during the second quarter worth $26,000. Allworth Financial LP increased its stake in Schwab Mortgage-Backed Securities ETF by 4,100.0% in the fourth quarter. Allworth Financial LP now owns 2,268 shares of the company’s stock valued at $58,000 after purchasing an additional 2,214 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Schwab Mortgage-Backed Securities ETF by 727.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,796 shares of the company’s stock valued at $72,000 after purchasing an additional 2,458 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the fourth quarter valued at about $86,000. Finally, Private Wealth Asset Management LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF during the 4th quarter worth about $91,000.

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.