Schwab Municipal Bond ETF $SCMB Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,167,351 shares of the company’s stock after purchasing an additional 2,529 shares during the period. Charles Schwab Investment Management Inc. owned 1.53% of Schwab Municipal Bond ETF worth $29,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC increased its holdings in shares of Schwab Municipal Bond ETF by 394.9% during the 1st quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after acquiring an additional 774 shares during the last quarter. Allworth Financial LP bought a new position in Schwab Municipal Bond ETF in the 1st quarter worth approximately $29,000. Capital Analysts LLC increased 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 worth $72,000 after buying an additional 1,941 shares during the period. Harbour Investments Inc. increased its position in Schwab Municipal Bond ETF by 811.1% in the 1st quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock worth $116,000 after buying an additional 4,088 shares during the period. Finally, Chapman Financial Group LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter worth approximately $149,000.

Schwab Municipal Bond ETF Stock Up 0.1%

Shares of NYSEARCA SCMB opened at $25.10 on Wednesday. The business’s 50 day moving average is $25.03 and its two-hundred day moving average is $25.21. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $26.37.

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.