Truist Financial Corp Raises Stake in Simplify MBS ETF $MTBA

Truist Financial Corp increased its stake in shares of Simplify MBS ETF (NYSEARCA:MTBA) by 18.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,106 shares of the company’s stock after buying an additional 11,652 shares during the period. Truist Financial Corp owned about 0.24% of Simplify MBS ETF worth $3,832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in shares of Simplify MBS ETF by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 21,834 shares of the company’s stock worth $1,095,000 after purchasing an additional 5,970 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Simplify MBS ETF during the 1st quarter valued at $518,000. Citizens National Bank Trust Department grew its stake in shares of Simplify MBS ETF by 32.2% during the 2nd quarter. Citizens National Bank Trust Department now owns 20,789 shares of the company’s stock worth $1,041,000 after acquiring an additional 5,062 shares during the period. Narwhal Capital Management increased its holdings in Simplify MBS ETF by 22.2% in the 2nd quarter. Narwhal Capital Management now owns 71,250 shares of the company’s stock worth $3,569,000 after acquiring an additional 12,928 shares during the last quarter. Finally, Bar Harbor Wealth Management increased its holdings in Simplify MBS ETF by 6.8% in the 2nd quarter. Bar Harbor Wealth Management now owns 297,952 shares of the company’s stock worth $14,924,000 after acquiring an additional 19,101 shares during the last quarter.

Simplify MBS ETF Stock Down 0.0%

NYSEARCA MTBA opened at $50.32 on Thursday. Simplify MBS ETF has a 52 week low of $49.16 and a 52 week high of $50.88. The firm’s 50-day simple moving average is $50.47 and its two-hundred day simple moving average is $50.41.

Simplify MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a $0.25 dividend. This is a boost from Simplify MBS ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 6.0%.

Simplify MBS ETF Company 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. MTBA was launched on Nov 6, 2023 and is issued by Simplify.