Convergence Financial LLC Raises Stock Position in Simplify MBS ETF $MTBA

Convergence Financial LLC raised its stake in shares of Simplify MBS ETF (NYSEARCA:MTBA) by 19.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,818 shares of the company’s stock after purchasing an additional 52,719 shares during the period. Simplify MBS ETF accounts for 2.5% of Convergence Financial LLC’s holdings, making the stock its 13th biggest position. Convergence Financial LLC owned about 1.03% of Simplify MBS ETF worth $16,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank raised its position in shares of Simplify MBS ETF by 29.3% during the 2nd quarter. Huntington National Bank now owns 1,078 shares of the company’s stock worth $54,000 after purchasing an additional 244 shares during the last quarter. Cambridge Advisors Inc. raised its holdings in shares of Simplify MBS ETF by 1.6% during the third quarter. Cambridge Advisors Inc. now owns 16,667 shares of the company’s stock valued at $839,000 after acquiring an additional 258 shares during the last quarter. Tranquilli Financial Advisor LLC lifted its position in shares of Simplify MBS ETF by 2.0% in the third quarter. Tranquilli Financial Advisor LLC now owns 13,850 shares of the company’s stock valued at $697,000 after acquiring an additional 265 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Simplify MBS ETF by 1.9% in the second quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock valued at $907,000 after acquiring an additional 343 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of Simplify MBS ETF by 11.3% in the third quarter. AE Wealth Management LLC now owns 4,646 shares of the company’s stock worth $234,000 after acquiring an additional 471 shares during the last quarter.

Simplify MBS ETF Trading Down 0.0%

Shares of MTBA opened at $50.69 on Friday. The stock has a 50 day moving average price of $50.50 and a 200 day moving average price of $50.46. Simplify MBS ETF has a one year low of $49.16 and a one year high of $50.88.

Simplify MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a $0.25 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. This is a positive change from Simplify MBS ETF’s previous monthly dividend of $0.02. The ex-dividend date was Tuesday, January 27th.

Simplify MBS ETF 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. MTBA was launched on Nov 6, 2023 and is issued by Simplify.