Simplify MBS ETF (NYSEARCA:MTBA) Reaches New 12-Month Low – Here’s What Happened

Simplify MBS ETF (NYSEARCA:MTBA)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $48.88 and last traded at $48.88, with a volume of 163386 shares. The stock had previously closed at $48.98.

Simplify MBS ETF Stock Down 0.0%

The firm’s 50 day moving average is $49.65 and its two-hundred day moving average is $50.18.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Simplify MBS ETF by 7.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock valued at $106,623,000 after purchasing an additional 141,545 shares during the period. MML Investors Services LLC increased its position in Simplify MBS ETF by 7.1% during the fourth quarter. MML Investors Services LLC now owns 1,755,656 shares of the company’s stock worth $88,503,000 after buying an additional 116,584 shares during the last quarter. Edge Wealth Management LLC raised its stake in Simplify MBS ETF by 211.3% in the fourth quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock valued at $50,412,000 after buying an additional 678,832 shares during the period. Watchman Group Inc. raised its stake in Simplify MBS ETF by 5.6% in the first quarter. Watchman Group Inc. now owns 877,875 shares of the company’s stock valued at $43,420,000 after buying an additional 46,655 shares during the period. Finally, Hilton Capital Management LLC lifted its position in shares of Simplify MBS ETF by 0.6% in the fourth quarter. Hilton Capital Management LLC now owns 841,350 shares of the company’s stock valued at $42,412,000 after buying an additional 4,855 shares during 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.