Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Volume Increase – Should You Buy?

Simplify MBS ETF (NYSEARCA:MTBA) saw unusually-high trading volume on Thursday . Approximately 810,228 shares changed hands during trading, an increase of 256% from the previous session’s volume of 227,875 shares.The stock last traded at $49.93 and had previously closed at $49.94.

Simplify MBS ETF Price Performance

The company has a fifty day simple moving average of $49.84 and a two-hundred day simple moving average of $50.59.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Peak Financial Advisors LLC boosted its stake in shares of Simplify MBS ETF by 1.2% during the third quarter. Peak Financial Advisors LLC now owns 394,281 shares of the company’s stock valued at $20,298,000 after acquiring an additional 4,688 shares during the last quarter. Hart & Patterson Financial Group LLC purchased a new stake in shares of Simplify MBS ETF during the third quarter worth about $3,375,000. Edge Wealth Management LLC acquired a new position in shares of Simplify MBS ETF in the third quarter valued at approximately $878,000. Magnus Financial Group LLC lifted its stake in shares of Simplify MBS ETF by 42.9% during the third quarter. Magnus Financial Group LLC now owns 31,915 shares of the company’s stock valued at $1,643,000 after buying an additional 9,580 shares during the period. Finally, BOS Asset Management LLC acquired a new stake in Simplify MBS ETF during the third quarter worth approximately $758,000.

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.