Pekin Hardy Strauss Inc. Acquires 12,156 Shares of Simplify MBS ETF (NYSEARCA:MTBA)

Pekin Hardy Strauss Inc. raised its holdings in Simplify MBS ETF (NYSEARCA:MTBA) by 9.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 141,161 shares of the company’s stock after buying an additional 12,156 shares during the quarter. Simplify MBS ETF accounts for about 0.9% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 22nd largest holding. Pekin Hardy Strauss Inc.’s holdings in Simplify MBS ETF were worth $7,267,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Investors Research Corp purchased a new stake in Simplify MBS ETF in the third quarter worth $46,000. Tortoise Investment Management LLC bought a new position in Simplify MBS ETF in the 2nd quarter worth $108,000. Narus Financial Partners LLC bought a new position in Simplify MBS ETF in the 2nd quarter worth $212,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Simplify MBS ETF in the 3rd quarter worth about $212,000. Finally, Whittier Trust Co. bought a new stake in shares of Simplify MBS ETF during the 2nd quarter valued at about $248,000.

Simplify MBS ETF Trading Up 0.2 %

Shares of NYSEARCA MTBA opened at $50.16 on Friday. Simplify MBS ETF has a 1 year low of $49.51 and a 1 year high of $51.97. The company’s 50-day moving average is $50.78 and its 200 day moving average is $50.85.

Simplify MBS ETF Company 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.