Bank of America Corp DE Buys 291,275 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Bank of America Corp DE lifted its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 195.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 440,154 shares of the company’s stock after buying an additional 291,275 shares during the period. Bank of America Corp DE owned about 7.16% of Schwab Municipal Bond ETF worth $11,303,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC grew its holdings in Schwab Municipal Bond ETF by 100.8% during the 4th quarter. Larson Financial Group LLC now owns 1,006 shares of the company’s stock valued at $26,000 after purchasing an additional 505 shares during the last quarter. Capital Analysts LLC boosted its position in Schwab Municipal Bond ETF by 228.4% in the 4th quarter. Capital Analysts LLC now owns 2,791 shares of the company’s stock valued at $72,000 after buying an additional 1,941 shares during the period. IFP Advisors Inc boosted its position in Schwab Municipal Bond ETF by 100.0% in the 4th quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock valued at $84,000 after buying an additional 1,645 shares during the period. Truist Financial Corp purchased a new stake in Schwab Municipal Bond ETF in the 4th quarter valued at about $135,000. Finally, Avior Wealth Management LLC lifted its position in shares of Schwab Municipal Bond ETF by 100.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,686 shares of the company’s stock worth $146,000 after purchasing an additional 2,843 shares during the period.

Schwab Municipal Bond ETF Stock Up 0.3%

Shares of SCMB opened at $24.99 on Friday. Schwab Municipal Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $26.37. The company has a 50 day moving average price of $25.12 and a 200-day moving average price of $25.54.

About Schwab Municipal Bond ETF

The Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment grade tax-exempt debt, issued by US states and territories with varying maturities. SCMB was launched on Oct 12, 2022 and is managed by Charles Schwab.