Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Reaches New 12-Month Low – What’s Next?

Shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) reached a new 52-week low on Wednesday . The company traded as low as $24.40 and last traded at $24.4150, with a volume of 221697 shares. The stock had previously closed at $24.57.

Schwab Mortgage-Backed Securities ETF Price Performance

The company’s 50-day moving average is $24.93 and its two-hundred day moving average is $25.26.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the first quarter valued at $4,502,000. Citadel Advisors LLC lifted its holdings in Schwab Mortgage-Backed Securities ETF by 129.9% in the second quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock worth $4,103,000 after purchasing an additional 91,198 shares during the period. Bank of America Corp DE grew its position in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the 1st quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock valued at $661,000 after buying an additional 25,870 shares in the last quarter. Corient Private Wealth LP bought a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at about $357,000. Finally, Simplicity Wealth LLC acquired a new position in Schwab Mortgage-Backed Securities ETF during the 1st quarter valued at about $275,000.

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.