Simplify MBS ETF (NYSEARCA:MTBA) Sees Strong Trading Volume – Here’s Why

Shares of Simplify MBS ETF (NYSEARCA:MTBAGet Free Report) saw an uptick in trading volume on Monday . 294,540 shares traded hands during trading, an increase of 180% from the previous session’s volume of 105,083 shares.The stock last traded at $50.4750 and had previously closed at $50.41.

Simplify MBS ETF Price Performance

The business has a 50 day moving average price of $50.44 and a two-hundred day moving average price of $50.32.

Institutional Investors Weigh In On Simplify MBS ETF

Several institutional investors and hedge funds have recently modified their holdings of MTBA. Bank of New York Mellon Corp bought a new stake in shares of Simplify MBS ETF in the 2nd quarter valued at approximately $13,278,000. Narwhal Capital Management raised its holdings in Simplify MBS ETF by 22.2% during the 2nd quarter. Narwhal Capital Management now owns 71,250 shares of the company’s stock valued at $3,569,000 after buying an additional 12,928 shares during the period. Sharp Financial Services LLC lifted its position in Simplify MBS ETF by 56.7% in the second quarter. Sharp Financial Services LLC now owns 7,050 shares of the company’s stock worth $353,000 after buying an additional 2,550 shares during the last quarter. Priebe Wealth Holdings LLC boosted its stake in Simplify MBS ETF by 31.0% during the second quarter. Priebe Wealth Holdings LLC now owns 123,100 shares of the company’s stock worth $6,166,000 after buying an additional 29,100 shares during the period. Finally, Heck Capital Advisors LLC boosted its stake in Simplify MBS ETF by 3.0% during the second quarter. Heck Capital Advisors LLC now owns 230,380 shares of the company’s stock worth $11,540,000 after buying an additional 6,620 shares during the period.

About Simplify MBS ETF

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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.

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