Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) saw unusually-high trading volume on Tuesday. Approximately 4,814,599 shares traded hands during mid-day trading, an increase of 505% from the previous session’s volume of 795,207 shares. The stock last traded at $24.1360 and had previously closed at $24.07.
Schwab Mortgage-Backed Securities ETF Stock Up 0.3%
The company’s fifty day moving average price is $24.64 and its 200-day moving average price is $25.11.
Institutional Trading of Schwab Mortgage-Backed Securities ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chapin Davis Inc. bought a new stake in Schwab Mortgage-Backed Securities ETF in the third quarter worth about $305,000. CoreCap Advisors LLC boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 382.2% during the third quarter. CoreCap Advisors LLC now owns 15,137 shares of the company’s stock valued at $363,000 after buying an additional 11,998 shares during the period. Avidian Wealth Enterprises LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF during the third quarter valued at approximately $416,000. Integrated Wealth Concepts LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at approximately $26,000. Finally, Citadel Advisors LLC grew its stake in shares of Schwab Mortgage-Backed Securities ETF by 129.9% during the second quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after buying an additional 91,198 shares during the last quarter.
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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