Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Unusually-High Trading Volume – Time to Buy?

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw unusually-high trading volume on Thursday . Approximately 1,638,932 shares changed hands during mid-day trading, an increase of 141% from the previous session’s volume of 680,036 shares.The stock last traded at $24.5650 and had previously closed at $24.73.

Schwab Mortgage-Backed Securities ETF Stock Performance

The business’s 50-day moving average is $25.05 and its 200-day moving average is $25.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Schwab Mortgage-Backed Securities ETF by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 222,649,093 shares of the company’s stock worth $5,716,516,000 after purchasing an additional 11,574,326 shares during the last quarter. CacheTech Inc. raised its holdings in Schwab Mortgage-Backed Securities ETF by 2.8% in the 4th quarter. CacheTech Inc. now owns 390,201 shares of the company’s stock worth $10,018,000 after purchasing an additional 10,576 shares during the period. Adams Wealth Management raised its holdings in Schwab Mortgage-Backed Securities ETF by 0.6% in the 4th quarter. Adams Wealth Management now owns 354,800 shares of the company’s stock worth $9,109,000 after purchasing an additional 2,226 shares during the period. Schwallier Wealth Management LLC purchased a new position in Schwab Mortgage-Backed Securities ETF during the first quarter valued at $4,502,000. Finally, Citadel Advisors LLC lifted its position in 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 purchasing an additional 91,198 shares in 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.