Simplify MBS ETF (NYSEARCA:MTBA) Sees Unusually-High Trading Volume – Here’s Why

Simplify MBS ETF (NYSEARCA:MTBA) shares saw an uptick in trading volume on Wednesday . 576,016 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 248,050 shares.The stock last traded at $50.4550 and had previously closed at $50.52.

Simplify MBS ETF Stock Up 0.0%

The company’s 50 day moving average price is $50.47 and its 200 day moving average price is $50.44.

Simplify MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were given a $0.25 dividend. The ex-dividend date was Tuesday, January 27th. This is an increase from Simplify MBS ETF’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Hedge Funds Weigh In On Simplify MBS ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in Simplify MBS ETF during the second quarter worth $13,278,000. Meridian Wealth Management LLC acquired a new stake in Simplify MBS ETF in the second quarter valued at $471,000. First National Bank Sioux Falls boosted its position in shares of Simplify MBS ETF by 40.5% during the 3rd quarter. First National Bank Sioux Falls now owns 41,130 shares of the company’s stock worth $2,071,000 after purchasing an additional 11,857 shares in the last quarter. Watchman Group Inc. grew its stake in shares of Simplify MBS ETF by 5.2% during the 2nd quarter. Watchman Group Inc. now owns 742,514 shares of the company’s stock worth $37,193,000 after purchasing an additional 36,746 shares during the period. Finally, Beckerman Institutional LLC grew its stake in shares of Simplify MBS ETF by 5.8% during the 2nd quarter. Beckerman Institutional LLC now owns 35,580 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,947 shares during the period.

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.