Simplify MBS ETF (NYSEARCA:MTBA) Sets New 12-Month Low – Here’s What Happened

Shares of Simplify MBS ETF (NYSEARCA:MTBA) reached a new 52-week low during trading on Thursday . The company traded as low as $48.00 and last traded at $47.9750, with a volume of 6296 shares traded. The stock had previously closed at $48.28.

Simplify MBS ETF Stock Down 0.4%

The business’s 50 day moving average price is $48.68 and its two-hundred day moving average price is $49.24.

Hedge Funds Weigh In On Simplify MBS ETF

Hedge funds have recently modified their holdings of the company. MML Investors Services LLC boosted its position in shares of Simplify MBS ETF by 7.1% during the 4th quarter. MML Investors Services LLC now owns 1,755,656 shares of the company’s stock valued at $88,503,000 after purchasing an additional 116,584 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in shares of Simplify MBS ETF in the 4th quarter worth approximately $5,869,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in Simplify MBS ETF during the fourth quarter valued at approximately $3,656,000. Jane Street Group LLC lifted its stake in Simplify MBS ETF by 638.9% during the second quarter. Jane Street Group LLC now owns 79,541 shares of the company’s stock valued at $3,984,000 after purchasing an additional 68,776 shares during the last quarter. Finally, Convergence Financial LLC boosted its holdings in Simplify MBS ETF by 19.5% during the fourth quarter. Convergence Financial LLC now owns 392,856 shares of the company’s stock worth $19,804,000 after buying an additional 64,038 shares in the last quarter.

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.