Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sets New 12-Month Low – Time to Sell?

Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) reached a new 52-week low on Monday. The company traded as low as $23.82 and last traded at $23.8450, with a volume of 1961004 shares traded. The stock had previously closed at $23.90.

Schwab Mortgage-Backed Securities ETF Stock Down 0.0%

The firm’s fifty day moving average is $24.76 and its 200-day moving average is $25.17.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at approximately $26,000. Rockefeller Capital Management L.P. boosted its holdings in Schwab Mortgage-Backed Securities ETF by 727.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,796 shares of the company’s stock worth $72,000 after purchasing an additional 2,458 shares during the period. Lodestar Private Asset Management LLC bought a new stake in Schwab Mortgage-Backed Securities ETF during the first quarter valued at $204,000. Simplicity Wealth LLC bought a new stake in Schwab Mortgage-Backed Securities ETF during the first quarter valued at $275,000. Finally, Cetera Investment Advisers raised its holdings in shares of Schwab Mortgage-Backed Securities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $347,000 after purchasing an additional 913 shares during the period.

About Schwab Mortgage-Backed Securities ETF

The Schwab Mortgage-Backed Securities ETF (SMBS) is an exchange-traded fund that is based on the Bloomberg US MBS – Float Adjusted index. The fund tracks a market value-weighted index of investment grade US mortgage-backed securities. SMBS was launched on Nov 19, 2024 and is issued by Charles Schwab.