Prevail Innovative Wealth Advisors LLC Makes New Investment in Simplify MBS ETF $MTBA

Prevail Innovative Wealth Advisors LLC acquired a new position in Simplify MBS ETF (NYSEARCA:MTBA) during the fourth quarter, Holdings Channel.com reports. The firm acquired 72,531 shares of the company’s stock, valued at approximately $3,656,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its holdings in Simplify MBS ETF by 12.5% in the 4th quarter. Tortoise Investment Management LLC now owns 470,695 shares of the company’s stock worth $23,728,000 after buying an additional 52,377 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Simplify MBS ETF by 24.9% in the 4th quarter. HighTower Advisors LLC now owns 25,759 shares of the company’s stock worth $1,298,000 after buying an additional 5,132 shares in the last quarter. Watchman Group Inc. lifted its holdings in Simplify MBS ETF by 6.5% in the 4th quarter. Watchman Group Inc. now owns 831,220 shares of the company’s stock worth $41,902,000 after buying an additional 50,766 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in Simplify MBS ETF in the 4th quarter worth $5,869,000. Finally, Independent Advisor Alliance acquired a new position in Simplify MBS ETF in the 4th quarter worth $219,000.

Simplify MBS ETF Trading Up 0.5%

Shares of MTBA stock opened at $48.97 on Thursday. Simplify MBS ETF has a 12 month low of $48.67 and a 12 month high of $50.88. The company’s fifty day moving average price is $49.56 and its two-hundred day moving average price is $50.15.

About Simplify MBS ETF

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.