Simplify MBS ETF (NYSEARCA:MTBA) Sets New 1-Year Low – Time to Sell?

Shares of Simplify MBS ETF (NYSEARCA:MTBA) hit a new 52-week low on Thursday . The company traded as low as $48.63 and last traded at $48.64, with a volume of 5705 shares traded. The stock had previously closed at $48.82.

Simplify MBS ETF Price Performance

The business has a fifty day simple moving average of $49.05 and a 200-day simple moving average of $49.70.

Institutional Trading of Simplify MBS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Point Inc. acquired a new position in shares of Simplify MBS ETF in the second quarter valued at approximately $303,000. GK Wealth Management LLC acquired a new stake in Simplify MBS ETF during the 2nd quarter worth approximately $1,209,000. Keel Point LLC acquired a new stake in Simplify MBS ETF during the 1st quarter worth approximately $1,898,000. Western Wealth Management LLC bought a new stake in Simplify MBS ETF during the 1st quarter worth approximately $2,570,000. Finally, Royal Bank of Canada grew its holdings in Simplify MBS ETF by 15.8% during the 1st quarter. Royal Bank of Canada now owns 291,789 shares of the company’s stock worth $14,432,000 after acquiring an additional 39,859 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.