Simplify MBS ETF (NYSEARCA:MTBA) Sets New 52-Week Low – Here’s Why

Simplify MBS ETF (NYSEARCA:MTBA) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $46.73 and last traded at $46.79, with a volume of 1916597 shares changing hands. The stock had previously closed at $47.07.

Simplify MBS ETF Stock Performance

The firm’s 50-day moving average price is $48.23 and its 200 day moving average price is $48.93.

Institutional Trading of Simplify MBS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Simplify MBS ETF during the second quarter valued at approximately $1,099,000. Hegarty Advisors LLC grew its holdings in Simplify MBS ETF by 220.2% during the first quarter. Hegarty Advisors LLC now owns 22,007 shares of the company’s stock worth $1,088,000 after buying an additional 15,135 shares in the last quarter. Tortoise Investment Management LLC raised its position in Simplify MBS ETF by 2.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 527,409 shares of the company’s stock valued at $25,880,000 after buying an additional 12,171 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Simplify MBS ETF by 35.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 48,949 shares of the company’s stock valued at $2,421,000 after buying an additional 12,911 shares during the last quarter. Finally, Beckerman Institutional LLC lifted its stake in Simplify MBS ETF by 48.7% during the 1st quarter. Beckerman Institutional LLC now owns 64,870 shares of the company’s stock valued at $3,208,000 after acquiring an additional 21,241 shares in the last quarter.

About Simplify MBS ETF

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.