Simplify MBS ETF (NYSEARCA:MTBA) Hits New 1-Year Low – Here’s What Happened

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 $48.63 and last traded at $48.64, with a volume of 5705 shares trading hands. The stock had previously closed at $48.82.

Simplify MBS ETF Trading Down 0.3%

The company has a 50 day moving average of $49.06 and a 200 day moving average of $49.72.

Hedge Funds Weigh In On Simplify MBS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC acquired a new stake in Simplify MBS ETF in the fourth quarter valued at approximately $50,000. Kestra Advisory Services LLC acquired a new position in Simplify MBS ETF during the 4th quarter worth approximately $71,000. Raymond James Financial Inc. purchased a new stake in shares of Simplify MBS ETF in the 2nd quarter valued at approximately $111,000. Harbour Investments Inc. raised its holdings in shares of Simplify MBS ETF by 105.3% in the 4th quarter. Harbour Investments Inc. now owns 2,580 shares of the company’s stock valued at $130,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Simplify MBS ETF in the 4th quarter valued at $140,000.

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.