Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Hits New 52-Week Low – What’s Next?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS)’s stock price hit a new 52-week low 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 Trading Down 0.5%

The business’s 50-day simple moving average is $25.14 and its 200-day simple moving average is $25.41.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Large investors have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth $357,000. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 25,870 shares during the period. Cetera Investment Advisers boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $347,000 after purchasing an additional 913 shares during the last quarter. Schwallier Wealth Management LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the 1st quarter worth $4,502,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the first quarter worth $275,000.

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.