Pekin Hardy Strauss Inc. lowered its position in Simplify MBS ETF (NYSEARCA:MTBA – Free Report) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,005 shares of the company’s stock after selling 5,885 shares during the period. Simplify MBS ETF comprises 0.9% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 24th largest position. Pekin Hardy Strauss Inc. owned 0.99% of Simplify MBS ETF worth $6,497,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in MTBA. Tortoise Investment Management LLC acquired a new stake in Simplify MBS ETF during the 2nd quarter worth approximately $108,000. Narus Financial Partners LLC bought a new stake in Simplify MBS ETF in the 2nd quarter valued at $212,000. Whittier Trust Co. bought a new stake in Simplify MBS ETF in the 2nd quarter valued at $248,000. Calamos Advisors LLC boosted its stake in Simplify MBS ETF by 16.7% in the 2nd quarter. Calamos Advisors LLC now owns 5,148 shares of the company’s stock worth $259,000 after purchasing an additional 736 shares during the period. Finally, Cove Street Capital LLC bought a new position in Simplify MBS ETF during the 1st quarter worth about $392,000.
Simplify MBS ETF Stock Performance
Shares of Simplify MBS ETF stock opened at $51.94 on Tuesday. The stock’s 50-day moving average is $51.25 and its 200-day moving average is $50.77. Simplify MBS ETF has a one year low of $49.51 and a one year high of $51.94.
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.
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