Simplify MBS ETF (NYSEARCA:MTBA) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Simplify MBS ETF (NYSEARCA:MTBA)’s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $47.59 and traded as high as $47.63. Simplify MBS ETF shares last traded at $47.63, with a volume of 253,112 shares traded.

Simplify MBS ETF Trading Up 0.3%

The stock’s fifty day moving average price is $47.59 and its 200-day moving average price is $49.05.

Hedge Funds Weigh In On Simplify MBS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTBA. Keeler Thomas Management LLC grew its position in Simplify MBS ETF by 12.1% during the 3rd quarter. Keeler Thomas Management LLC now owns 15,538 shares of the company’s stock worth $727,000 after purchasing an additional 1,681 shares in the last quarter. BOKF NA purchased a new stake in shares of Simplify MBS ETF in the third quarter valued at $35,000. Graham Capital Wealth Management LLC purchased a new stake in shares of Simplify MBS ETF in the third quarter valued at $214,000. Evergreen Capital Management LLC purchased a new stake in shares of Simplify MBS ETF in the third quarter valued at $1,079,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Simplify MBS ETF in the third quarter valued at $3,846,000.

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.