Convergence Financial LLC Buys 64,038 Shares of Simplify MBS ETF $MTBA

Convergence Financial LLC increased its stake in shares of Simplify MBS ETF (NYSEARCA:MTBA) by 19.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 392,856 shares of the company’s stock after purchasing an additional 64,038 shares during the period. Simplify MBS ETF makes up approximately 2.9% of Convergence Financial LLC’s holdings, making the stock its 9th biggest holding. Convergence Financial LLC’s holdings in Simplify MBS ETF were worth $19,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC lifted its position in Simplify MBS ETF by 1,555.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 32,350 shares of the company’s stock worth $1,629,000 after acquiring an additional 30,396 shares in the last quarter. Aprio Wealth Management LLC lifted its position in Simplify MBS ETF by 7.6% during the 3rd quarter. Aprio Wealth Management LLC now owns 414,879 shares of the company’s stock worth $20,889,000 after acquiring an additional 29,193 shares in the last quarter. Edge Wealth Management LLC lifted its position in Simplify MBS ETF by 211.3% during the 4th quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock worth $50,412,000 after acquiring an additional 678,832 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Simplify MBS ETF by 40.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 173,482 shares of the company’s stock worth $8,735,000 after acquiring an additional 49,765 shares in the last quarter. Finally, Ethos Financial Group LLC lifted its position in Simplify MBS ETF by 34.0% during the 4th quarter. Ethos Financial Group LLC now owns 190,293 shares of the company’s stock worth $9,593,000 after acquiring an additional 48,290 shares in the last quarter.

Simplify MBS ETF Price Performance

Simplify MBS ETF stock opened at $49.13 on Friday. The stock’s 50 day moving average price is $49.40 and its 200 day moving average price is $50.05. Simplify MBS ETF has a one year low of $48.67 and a one year high of $50.88.

Simplify MBS ETF Profile

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.