Schwab Municipal Bond ETF $SCMB Shares Acquired by Breakwater Investment Management

Breakwater Investment Management increased its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 310.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,006 shares of the company’s stock after acquiring an additional 30,266 shares during the period. Breakwater Investment Management’s holdings in Schwab Municipal Bond ETF were worth $1,025,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Schwab Municipal Bond ETF in the first quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in Schwab Municipal Bond ETF in the 2nd quarter valued at $110,000. Ameritas Advisory Services LLC purchased a new stake in Schwab Municipal Bond ETF in the 2nd quarter worth $139,000. Chapman Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF in the 2nd quarter worth $146,000. Finally, Breakwater Capital Group acquired a new position in Schwab Municipal Bond ETF during the second quarter worth $206,000.

Schwab Municipal Bond ETF Trading Up 0.0%

Shares of NYSEARCA SCMB opened at $25.71 on Tuesday. The company’s 50-day simple moving average is $25.79 and its 200-day simple moving average is $25.39. Schwab Municipal Bond ETF has a 52-week low of $24.21 and a 52-week high of $25.99.

Schwab Municipal Bond ETF Company Profile

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.