Perigon Wealth Management LLC Decreases Stock Position in Simplify MBS ETF (NYSEARCA:MTBA)

Perigon Wealth Management LLC cut its holdings in Simplify MBS ETF (NYSEARCA:MTBA) by 4.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,188 shares of the company’s stock after selling 349 shares during the quarter. Perigon Wealth Management LLC’s holdings in Simplify MBS ETF were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Morling Financial Advisors LLC purchased a new position in Simplify MBS ETF in the 4th quarter valued at about $13,987,000. Heck Capital Advisors LLC purchased a new position in Simplify MBS ETF in the 4th quarter valued at about $11,492,000. Ethos Financial Group LLC purchased a new position in Simplify MBS ETF in the 4th quarter valued at about $8,980,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Simplify MBS ETF by 167.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 280,134 shares of the company’s stock valued at $14,046,000 after purchasing an additional 175,515 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC purchased a new position in Simplify MBS ETF in the 4th quarter valued at about $7,697,000.

Simplify MBS ETF Stock Performance

NYSEARCA:MTBA opened at $50.09 on Tuesday. The company’s 50-day moving average is $49.75 and its two-hundred day moving average is $49.85. Simplify MBS ETF has a 12-month low of $49.10 and a 12-month high of $51.97.

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.