Simplify MBS ETF (NYSEARCA:MTBA) Hits New 12-Month Low – Here’s Why

Simplify MBS ETF (NYSEARCA:MTBA)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $49.09 and last traded at $49.09, with a volume of 109296 shares traded. The stock had previously closed at $49.62.

Simplify MBS ETF Stock Down 1.1%

The stock has a 50 day simple moving average of $50.33 and a two-hundred day simple moving average of $50.44.

Simplify MBS ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a $0.25 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTBA. Steinberganna Wealth Management boosted its stake in shares of Simplify MBS ETF by 1.8% during the fourth quarter. Steinberganna Wealth Management now owns 12,601 shares of the company’s stock worth $635,000 after buying an additional 221 shares during the period. Cambridge Advisors Inc. increased its position in Simplify MBS ETF by 1.6% in the 3rd quarter. Cambridge Advisors Inc. now owns 16,667 shares of the company’s stock valued at $839,000 after acquiring an additional 258 shares during the period. Tranquilli Financial Advisor LLC increased its position in Simplify MBS ETF by 2.0% in the 3rd quarter. Tranquilli Financial Advisor LLC now owns 13,850 shares of the company’s stock valued at $697,000 after acquiring an additional 265 shares during the period. Longview Financial Advisors Inc. raised its stake in Simplify MBS ETF by 1.2% during the 4th quarter. Longview Financial Advisors Inc. now owns 24,063 shares of the company’s stock valued at $1,213,000 after acquiring an additional 279 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Simplify MBS ETF by 1.9% during the 2nd quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock valued at $907,000 after acquiring an additional 343 shares during the last quarter.

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.