Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Reaches New 1-Year Low – Time to Sell?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $24.98 and last traded at $25.00, with a volume of 15415 shares changing hands. The stock had previously closed at $25.06.

Schwab Mortgage-Backed Securities ETF Price Performance

The company has a 50-day moving average price of $25.28 and a 200 day moving average price of $25.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SMBS. Aptus Capital Advisors LLC boosted its stake in Schwab Mortgage-Backed Securities ETF by 165.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after purchasing an additional 648 shares during the period. Triumph Capital Management purchased a new stake in Schwab Mortgage-Backed Securities ETF during the 3rd quarter valued at approximately $31,000. Bank of America Corp DE raised its position in shares of Schwab Mortgage-Backed Securities ETF by 372.6% during the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock valued at $44,000 after buying an additional 1,345 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Schwab Mortgage-Backed Securities ETF by 451.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after buying an additional 1,421 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at approximately $49,000.

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.