Simplify MBS ETF (NYSEARCA:MTBA) Sets New 52-Week Low – Should You Sell?

Shares of Simplify MBS ETF (NYSEARCA:MTBA) reached a new 52-week low on Wednesday . The company traded as low as $48.56 and last traded at $48.62, with a volume of 102084 shares trading hands. The stock had previously closed at $48.75.

Simplify MBS ETF Trading Up 0.1%

The firm’s fifty day simple moving average is $49.02 and its two-hundred day simple moving average is $49.64.

Hedge Funds Weigh In On Simplify MBS ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MTBA. Steinberganna Wealth Management increased its holdings in shares of Simplify MBS ETF by 1.8% in the fourth quarter. Steinberganna Wealth Management now owns 12,601 shares of the company’s stock worth $635,000 after purchasing an additional 221 shares during the last quarter. Founders Financial Securities LLC lifted its position in shares of Simplify MBS ETF by 4.5% in the first quarter. Founders Financial Securities LLC now owns 5,708 shares of the company’s stock worth $284,000 after buying an additional 246 shares in the last quarter. Longview Financial Advisors Inc. boosted its stake in Simplify MBS ETF by 1.1% during the first quarter. Longview Financial Advisors Inc. now owns 24,323 shares of the company’s stock valued at $1,203,000 after buying an additional 260 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Simplify MBS ETF by 1.9% during the second quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock valued at $907,000 after buying an additional 343 shares during the last quarter. Finally, Cambridge Advisors Inc. grew its holdings in Simplify MBS ETF by 1.9% during the 1st quarter. Cambridge Advisors Inc. now owns 19,506 shares of the company’s stock valued at $965,000 after buying an additional 363 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.