CoreCap Advisors LLC reduced its stake in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Free Report) by 87.7% during the second quarter, HoldingsChannel reports. The fund owned 3,139 shares of the company’s stock after selling 22,415 shares during the period. CoreCap Advisors LLC’s holdings in Schwab Mortgage-Backed Securities ETF were worth $80,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth about $3,613,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at about $49,000. NewEdge Advisors LLC bought a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at about $117,000. Raymond James Financial Inc. bought a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at about $104,000. Finally, Jane Street Group LLC increased its stake in Schwab Mortgage-Backed Securities ETF by 349.1% during the 2nd quarter. Jane Street Group LLC now owns 73,568 shares of the company’s stock valued at $1,874,000 after purchasing an additional 57,186 shares in the last quarter.
Schwab Mortgage-Backed Securities ETF Stock Up 0.1%
Shares of Schwab Mortgage-Backed Securities ETF stock opened at $25.04 on Thursday. Schwab Mortgage-Backed Securities ETF has a 52-week low of $24.91 and a 52-week high of $26.12. The company has a 50-day simple moving average of $25.22 and a two-hundred day simple moving average of $25.47.
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.
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Want to see what other hedge funds are holding SMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Free Report).
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