Pekin Hardy Strauss Inc. boosted its holdings in shares of Simplify MBS ETF (NYSEARCA:MTBA – Free Report) by 12.3% in the fourth quarter, HoldingsChannel reports. The fund owned 158,565 shares of the company’s stock after buying an additional 17,404 shares during the quarter. Simplify MBS ETF accounts for 1.0% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 20th biggest holding. Pekin Hardy Strauss Inc.’s holdings in Simplify MBS ETF were worth $7,879,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Investors Research Corp acquired a new stake in Simplify MBS ETF during the 3rd quarter worth about $46,000. Webster Bank N. A. acquired a new stake in shares of Simplify MBS ETF during the 4th quarter valued at about $50,000. Citizens National Bank Trust Department acquired a new stake in shares of Simplify MBS ETF during the 4th quarter valued at about $60,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Simplify MBS ETF during the 4th quarter valued at about $130,000. Finally, Principal Securities Inc. lifted its holdings in shares of Simplify MBS ETF by 16.6% during the 4th quarter. Principal Securities Inc. now owns 4,103 shares of the company’s stock valued at $204,000 after buying an additional 584 shares during the last quarter.
Simplify MBS ETF Trading Up 0.3 %
Shares of Simplify MBS ETF stock opened at $50.16 on Friday. Simplify MBS ETF has a 52-week low of $49.10 and a 52-week high of $51.97. The stock has a 50-day simple moving average of $49.73 and a 200-day simple moving average of $50.51.
About Simplify MBS ETF
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.
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