Hutchinson Capital Management CA Makes New $6.63 Million Investment in Simplify MBS ETF (NYSEARCA:MTBA)

Hutchinson Capital Management CA purchased a new position in shares of Simplify MBS ETF (NYSEARCA:MTBA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 133,457 shares of the company’s stock, valued at approximately $6,631,000. Simplify MBS ETF accounts for 1.3% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Investors Research Corp bought a new position in shares of Simplify MBS ETF in the third quarter valued at approximately $46,000. Webster Bank N. A. bought a new position in shares of Simplify MBS ETF in the fourth quarter valued at approximately $50,000. Citizens National Bank Trust Department bought a new position in shares of Simplify MBS ETF in the fourth quarter valued at approximately $60,000. Endeavor Private Wealth Inc. bought a new position in shares of Simplify MBS ETF in the fourth quarter valued at approximately $130,000. Finally, Principal Securities Inc. raised its stake in shares of Simplify MBS ETF by 16.6% in the fourth quarter. Principal Securities Inc. now owns 4,103 shares of the company’s stock valued at $204,000 after acquiring an additional 584 shares during the last quarter.

Simplify MBS ETF Trading Down 0.1 %

NYSEARCA:MTBA opened at $50.19 on Friday. Simplify MBS ETF has a 1 year low of $49.10 and a 1 year high of $51.97. The firm has a 50 day moving average of $49.87 and a 200-day moving average of $50.39.

Simplify MBS ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, February 25th.

Simplify MBS ETF Profile

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.