Adams Wealth Management Sells 142,517 Shares of Schwab Mortgage-Backed Securities ETF $SMBS

Adams Wealth Management cut its holdings in shares of Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) by 28.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 352,798 shares of the company’s stock after selling 142,517 shares during the period. Schwab Mortgage-Backed Securities ETF accounts for 1.7% of Adams Wealth Management’s holdings, making the stock its 11th biggest holding. Adams Wealth Management owned about 0.17% of Schwab Mortgage-Backed Securities ETF worth $8,986,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SMBS. Townsquare Capital LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the first quarter valued at about $326,000. CacheTech Inc. purchased a new position in Schwab Mortgage-Backed Securities ETF in the first quarter worth $12,606,000. Hoey Investments Inc. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the second quarter worth $40,000. Copperwynd Financial LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at $255,000. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter valued at $35,000.

Schwab Mortgage-Backed Securities ETF Stock Performance

Shares of SMBS stock opened at $25.64 on Monday. The stock’s fifty day moving average price is $25.76 and its 200 day moving average price is $25.49. Schwab Mortgage-Backed Securities ETF has a 1-year low of $24.57 and a 1-year high of $26.22.

About Schwab Mortgage-Backed Securities ETF

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.