Simplify MBS ETF $MTBA Shares Purchased by Convergence Financial LLC

Convergence Financial LLC lifted its position in shares of Simplify MBS ETF (NYSEARCA:MTBA) by 19.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 392,856 shares of the company’s stock after buying an additional 64,038 shares during the quarter. Simplify MBS ETF makes up about 2.9% of Convergence Financial LLC’s holdings, making the stock its 9th largest position. Convergence Financial LLC owned about 1.16% of Simplify MBS ETF worth $19,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Simplify MBS ETF by 7.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,117,637 shares of the company’s stock worth $106,623,000 after purchasing an additional 141,545 shares in the last quarter. MML Investors Services LLC grew its holdings in Simplify MBS ETF by 5.5% in the 2nd quarter. MML Investors Services LLC now owns 1,508,448 shares of the company’s stock valued at $75,558,000 after buying an additional 79,232 shares during the period. Edge Wealth Management LLC grew its holdings in Simplify MBS ETF by 211.3% in the 4th quarter. Edge Wealth Management LLC now owns 1,000,038 shares of the company’s stock valued at $50,412,000 after buying an additional 678,832 shares during the period. Watchman Group Inc. grew its holdings in Simplify MBS ETF by 6.5% in the 4th quarter. Watchman Group Inc. now owns 831,220 shares of the company’s stock valued at $41,902,000 after buying an additional 50,766 shares during the period. Finally, CreativeOne Wealth LLC grew its holdings in Simplify MBS ETF by 1,841.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 613,270 shares of the company’s stock valued at $30,878,000 after buying an additional 581,675 shares during the period.

Simplify MBS ETF Stock Performance

MTBA opened at $49.13 on Friday. The business has a 50-day moving average of $49.40 and a two-hundred day moving average of $50.05. Simplify MBS ETF has a 12 month low of $48.67 and a 12 month high of $50.88.

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.