Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Hits New 1-Year Low – Here’s What Happened

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) reached a new 52-week low on Thursday . The company traded as low as $24.98 and last traded at $25.00, with a volume of 15415 shares. The stock had previously closed at $25.06.

Schwab Mortgage-Backed Securities ETF Stock Down 0.3%

The stock has a 50 day moving average price of $25.29 and a 200 day moving average price of $25.55.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its position in Schwab Mortgage-Backed Securities ETF by 165.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after purchasing an additional 648 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the third quarter worth about $31,000. Bank of America Corp DE grew its holdings in shares of Schwab Mortgage-Backed Securities ETF by 372.6% during the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after purchasing an additional 1,345 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Schwab Mortgage-Backed Securities ETF by 451.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after buying an additional 1,421 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $49,000.

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.