Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Reaches New 1-Year Low – Here’s What Happened

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $23.82 and last traded at $23.8450, with a volume of 1961004 shares changing hands. The stock had previously closed at $23.90.

Schwab Mortgage-Backed Securities ETF Stock Performance

The business’s 50 day moving average price is $24.76 and its 200-day moving average price is $25.17.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMBS. Schwallier Wealth Management LLC purchased a new position in Schwab Mortgage-Backed Securities ETF in the 1st quarter valued at about $4,502,000. Citadel Advisors LLC lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 129.9% in the second quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock worth $4,103,000 after acquiring an additional 91,198 shares in the last quarter. Bank of America Corp DE boosted its holdings in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the first quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock valued at $661,000 after purchasing an additional 25,870 shares during the last quarter. Corient Private Wealth LP acquired a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at approximately $357,000. Finally, Cetera Investment Advisers increased its holdings in Schwab Mortgage-Backed Securities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $347,000 after purchasing an additional 913 shares during the last quarter.

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.