Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Unusually-High Trading Volume – What’s Next?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw unusually-strong trading volume on Tuesday. 663,262 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 824,385 shares. The stock last traded at $24.2550 and had previously closed at $24.19.

Schwab Mortgage-Backed Securities ETF Trading Up 0.2%

The stock has a 50-day moving average price of $24.56 and a 200-day moving average price of $25.06.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SMBS. Schwallier Wealth Management LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 1st quarter valued at $4,502,000. Citadel Advisors LLC lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 129.9% during the 2nd 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 last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 3rd quarter worth $1,272,000. Bank of America Corp DE lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 1,293,500.0% during the 1st quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock worth $661,000 after acquiring an additional 25,870 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new position in Schwab Mortgage-Backed Securities ETF in the third quarter worth $416,000.

About Schwab Mortgage-Backed Securities ETF

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.