Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Hits New 12-Month Low – Here’s Why

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) shares 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 traded. The stock had previously closed at $25.06.

Schwab Mortgage-Backed Securities ETF Price Performance

The business’s 50-day moving average price is $25.29 and its two-hundred day moving average price is $25.55.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwallier Wealth Management LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the 1st quarter valued at about $4,502,000. Lodestar Private Asset Management LLC bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 1st quarter worth approximately $204,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 727.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,796 shares of the company’s stock worth $72,000 after acquiring an additional 2,458 shares during the period. Private Wealth Asset Management LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 4th quarter worth approximately $91,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 4th quarter worth approximately $86,000.

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.