Tortoise Investment Management LLC Grows Position in Simplify MBS ETF (NYSEARCA:MTBA)

Tortoise Investment Management LLC grew its position in Simplify MBS ETF (NYSEARCA:MTBA) by 14.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 301,475 shares of the company’s stock after purchasing an additional 37,481 shares during the period. Simplify MBS ETF makes up 1.6% of Tortoise Investment Management LLC’s holdings, making the stock its 14th biggest position. Tortoise Investment Management LLC’s holdings in Simplify MBS ETF were worth $14,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC increased its position in shares of Simplify MBS ETF by 2,665.2% in the fourth quarter. Proficio Capital Partners LLC now owns 8,119,926 shares of the company’s stock valued at $403,479,000 after buying an additional 7,826,276 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Simplify MBS ETF by 21.1% during the third quarter. MML Investors Services LLC now owns 1,189,169 shares of the company’s stock valued at $61,218,000 after acquiring an additional 207,038 shares during the last quarter. Simplify Asset Management Inc. boosted its stake in shares of Simplify MBS ETF by 21.6% during the third quarter. Simplify Asset Management Inc. now owns 1,075,137 shares of the company’s stock valued at $55,348,000 after acquiring an additional 190,684 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake in shares of Simplify MBS ETF by 0.9% during the third quarter. Mill Creek Capital Advisors LLC now owns 903,132 shares of the company’s stock valued at $46,493,000 after acquiring an additional 7,703 shares during the last quarter. Finally, Hilton Capital Management LLC acquired a new stake in shares of Simplify MBS ETF during the third quarter valued at $39,655,000.

Simplify MBS ETF Price Performance

Shares of NYSEARCA:MTBA opened at $50.18 on Monday. The stock’s 50-day moving average price is $49.82 and its two-hundred day moving average price is $50.42. Simplify MBS ETF has a 12-month low of $49.10 and a 12-month high of $51.97.

Simplify MBS ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 25th were paid a $0.25 dividend. The ex-dividend date was Tuesday, February 25th.

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.