CacheTech Inc. lessened its position in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Free Report) by 34.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 352,798 shares of the company’s stock after selling 182,321 shares during the quarter. Schwab Mortgage-Backed Securities ETF makes up 1.7% of CacheTech Inc.’s investment portfolio, making the stock its 13th largest holding. CacheTech Inc. owned approximately 0.17% of Schwab Mortgage-Backed Securities ETF worth $8,986,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SMBS. SYM FINANCIAL Corp acquired a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at about $35,000. Hoey Investments Inc. purchased a new position in shares of Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $40,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $49,000. Osaic Holdings Inc. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $61,000. Finally, Raymond James Financial Inc. purchased a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $104,000.
Schwab Mortgage-Backed Securities ETF Trading Down 0.3%
Schwab Mortgage-Backed Securities ETF stock opened at $25.64 on Monday. Schwab Mortgage-Backed Securities ETF has a 52-week low of $24.57 and a 52-week high of $26.22. The company’s 50 day moving average is $25.76 and its two-hundred day moving average is $25.49.
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.
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