Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Hits New 12-Month Low – Should You Sell?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.77 and last traded at $24.82, with a volume of 13916 shares traded. The stock had previously closed at $24.96.

Schwab Mortgage-Backed Securities ETF Price Performance

The business’s 50 day moving average is $25.12 and its 200-day moving average is $25.39.

Institutional Trading of Schwab Mortgage-Backed Securities ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in Schwab Mortgage-Backed Securities ETF by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 222,649,093 shares of the company’s stock worth $5,716,516,000 after acquiring an additional 11,574,326 shares in the last quarter. Schwallier Wealth Management LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the 1st quarter valued at approximately $4,502,000. JPMorgan Chase & Co. bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at approximately $3,613,000. Citadel Advisors LLC grew its holdings in shares of Schwab Mortgage-Backed Securities ETF by 129.9% during the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after purchasing an additional 91,198 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Schwab Mortgage-Backed Securities ETF by 349.1% during the 2nd quarter. Jane Street Group LLC now owns 73,568 shares of the company’s stock worth $1,874,000 after purchasing an additional 57,186 shares in the last quarter.

Schwab Mortgage-Backed Securities ETF Company Profile

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.