Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Strong Trading Volume – What’s Next?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw strong trading volume on Tuesday. 4,814,599 shares changed hands during mid-day trading, an increase of 505% from the previous session’s volume of 795,207 shares. The stock last traded at $24.1360 and had previously closed at $24.07.

Schwab Mortgage-Backed Securities ETF Stock Performance

The stock’s 50-day simple moving average is $24.60 and its two-hundred day simple moving average is $25.09.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Several hedge funds have recently modified their holdings of the stock. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Schwab Mortgage-Backed Securities ETF during the 3rd quarter worth $1,272,000. Chapin Davis Inc. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at $305,000. CoreCap Advisors LLC boosted its stake in Schwab Mortgage-Backed Securities ETF by 382.2% during the third quarter. CoreCap Advisors LLC now owns 15,137 shares of the company’s stock worth $363,000 after buying an additional 11,998 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at approximately $416,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Schwab Mortgage-Backed Securities ETF during the second quarter worth about $26,000.

Schwab Mortgage-Backed Securities ETF Company Profile

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.