Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Stock Crosses Below 50 Day Moving Average – What’s Next?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $24.38 and traded as low as $24.23. Schwab Mortgage-Backed Securities ETF shares last traded at $24.26, with a volume of 643,768 shares changing hands.

Schwab Mortgage-Backed Securities ETF Price Performance

The stock has a fifty day moving average price of $24.38 and a 200-day moving average price of $25.16.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

Hedge funds have recently bought and sold shares of the stock. Schwallier Wealth Management LLC grew its holdings in Schwab Mortgage-Backed Securities ETF by 7.5% in the third quarter. Schwallier Wealth Management LLC now owns 213,175 shares of the company’s stock valued at $5,116,000 after purchasing an additional 14,788 shares during the period. Citadel Advisors LLC raised its stake 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 worth $4,103,000 after buying an additional 91,198 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of Schwab Mortgage-Backed Securities ETF during the 3rd quarter valued at approximately $1,272,000. One Way Holdings LLC purchased a new position in shares of Schwab Mortgage-Backed Securities ETF during the 3rd quarter valued at approximately $1,214,000. Finally, Bank of America Corp DE grew its stake in 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 acquiring an additional 25,870 shares during the period.

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.