Simplify MBS ETF (NYSEARCA:MTBA) Hits New 52-Week Low – Time to Sell?

Simplify MBS ETF (NYSEARCA:MTBA) reached a new 52-week low on Friday . The stock traded as low as $48.37 and last traded at $48.40, with a volume of 261254 shares changing hands. The stock had previously closed at $48.58.

Simplify MBS ETF Stock Performance

The stock’s 50 day simple moving average is $48.82 and its 200-day simple moving average is $49.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MTBA. Founders Financial Securities LLC boosted its position in shares of Simplify MBS ETF by 4.5% in the 1st quarter. Founders Financial Securities LLC now owns 5,708 shares of the company’s stock valued at $284,000 after purchasing an additional 246 shares during the period. Longview Financial Advisors Inc. grew its stake in Simplify MBS ETF by 1.1% during the 1st quarter. Longview Financial Advisors Inc. now owns 24,323 shares of the company’s stock worth $1,203,000 after buying an additional 260 shares during the last quarter. Osaic Holdings Inc. increased its position in Simplify MBS ETF by 1.9% during the second quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock worth $907,000 after buying an additional 343 shares during the period. Cambridge Advisors Inc. increased its position in Simplify MBS ETF by 1.9% during the first quarter. Cambridge Advisors Inc. now owns 19,506 shares of the company’s stock worth $965,000 after buying an additional 363 shares during the period. Finally, Continuum Advisory LLC lifted its stake in Simplify MBS ETF by 1.5% in the second quarter. Continuum Advisory LLC now owns 26,996 shares of the company’s stock valued at $1,325,000 after buying an additional 398 shares during the last quarter.

Simplify MBS ETF Company 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.