Tortoise Investment Management LLC Grows Stock Position in Simplify MBS ETF $MTBA

Tortoise Investment Management LLC boosted its position in shares of Simplify MBS ETF (NYSEARCA:MTBA) by 12.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 470,695 shares of the company’s stock after acquiring an additional 52,377 shares during the quarter. Simplify MBS ETF accounts for 2.1% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Tortoise Investment Management LLC’s holdings in Simplify MBS ETF were worth $23,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC bought a new stake in shares of Simplify MBS ETF during the fourth quarter valued at approximately $50,000. Raymond James Financial Inc. bought a new stake in shares of Simplify MBS ETF during the second quarter valued at approximately $111,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Simplify MBS ETF during the fourth quarter valued at approximately $202,000. BAM Wealth Management LLC bought a new stake in shares of Simplify MBS ETF during the third quarter valued at approximately $218,000. Finally, Independent Advisor Alliance bought a new stake in shares of Simplify MBS ETF during the fourth quarter valued at approximately $219,000.

Simplify MBS ETF Trading Down 0.0%

Simplify MBS ETF stock opened at $48.96 on Tuesday. Simplify MBS ETF has a 1 year low of $48.88 and a 1 year high of $50.88. The firm’s 50 day moving average price is $49.62 and its 200-day moving average price is $50.17.

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.