Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Reaches New 12-Month Low – What’s Next?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $24.40 and last traded at $24.4150, with a volume of 221697 shares traded. The stock had previously closed at $24.57.

Schwab Mortgage-Backed Securities ETF Price Performance

The business has a 50-day simple moving average of $24.93 and a two-hundred day simple moving average of $25.26.

Institutional Trading of Schwab Mortgage-Backed Securities ETF

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC grew its holdings in Schwab Mortgage-Backed Securities ETF by 129.9% during the second quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock worth $4,103,000 after acquiring an additional 91,198 shares during the period. Schwallier Wealth Management LLC bought a new stake in Schwab Mortgage-Backed Securities ETF in the first quarter worth about $4,502,000. Bank of America Corp DE lifted its holdings in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the 1st quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock valued at $661,000 after acquiring an additional 25,870 shares during the last quarter. Corient Private Wealth LP acquired a new stake in Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at about $357,000. Finally, Cetera Investment Advisers boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock valued at $347,000 after purchasing an additional 913 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.