Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Reaches New 1-Year Low – Here’s Why

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $23.99 and last traded at $24.0690, with a volume of 19850 shares traded. The stock had previously closed at $24.25.

Schwab Mortgage-Backed Securities ETF Stock Performance

The business’s 50 day moving average price is $24.85 and its 200 day moving average price is $25.22.

Institutional Trading of Schwab Mortgage-Backed Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwallier Wealth Management LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 1st quarter worth about $4,502,000. Citadel Advisors LLC increased its stake in shares of Schwab Mortgage-Backed Securities ETF by 129.9% in the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after purchasing an additional 91,198 shares in the last quarter. Bank of America Corp DE raised 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 worth $661,000 after purchasing an additional 25,870 shares during the period. Corient Private Wealth LP acquired a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth about $357,000. Finally, Cetera Investment Advisers boosted its position in Schwab Mortgage-Backed Securities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $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.