Pekin Hardy Strauss Inc. Buys Shares of 92,515 Simplify MBS ETF (NYSEARCA:MTBA)

Pekin Hardy Strauss Inc. purchased a new position in shares of Simplify MBS ETF (NYSEARCA:MTBA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 92,515 shares of the company’s stock, valued at approximately $4,782,000.

Several other institutional investors have also modified their holdings of MTBA. Venturi Wealth Management LLC bought a new stake in shares of Simplify MBS ETF in the fourth quarter valued at about $47,000. Cambridge Advisors Inc. bought a new position in shares of Simplify MBS ETF during the fourth quarter worth approximately $501,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Simplify MBS ETF in the fourth quarter valued at approximately $509,000.

Simplify MBS ETF Stock Performance

Shares of NYSEARCA MTBA traded down $0.19 during mid-day trading on Tuesday, reaching $49.62. The company had a trading volume of 1,323,789 shares, compared to its average volume of 169,529. The company has a 50-day moving average price of $50.59. Simplify MBS ETF has a one year low of $49.51 and a one year high of $51.89.

About Simplify MBS ETF

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.