Northern Financial Advisors Inc Invests $2.11 Million in Simplify MBS ETF $MTBA

Northern Financial Advisors Inc purchased a new position in Simplify MBS ETF (NYSEARCA:MTBA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 41,863 shares of the company’s stock, valued at approximately $2,108,000. Simplify MBS ETF accounts for about 1.1% of Northern Financial Advisors Inc’s holdings, making the stock its 23rd largest holding. Northern Financial Advisors Inc owned 0.13% of Simplify MBS ETF as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTBA. Bank of New York Mellon Corp purchased a new position in shares of Simplify MBS ETF during the second quarter worth approximately $13,278,000. True Wealth Design LLC purchased a new stake in Simplify MBS ETF in the second quarter worth about $10,155,000. Envestnet Asset Management Inc. grew its holdings in Simplify MBS ETF by 7.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock worth $106,623,000 after acquiring an additional 141,545 shares in the last quarter. Continuum Advisory LLC bought a new position in Simplify MBS ETF during the 3rd quarter worth about $4,125,000. Finally, MML Investors Services LLC lifted its position in shares of Simplify MBS ETF by 5.5% in the 2nd quarter. MML Investors Services LLC now owns 1,508,448 shares of the company’s stock worth $75,558,000 after purchasing an additional 79,232 shares during the period.

Simplify MBS ETF Price Performance

Shares of MTBA stock opened at $50.70 on Friday. Simplify MBS ETF has a 52-week low of $49.16 and a 52-week high of $50.88. The company’s 50 day moving average is $50.50 and its 200 day moving average is $50.46.

Simplify MBS ETF Increases Dividend

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

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.