Envestnet Asset Management Inc. Has $10.97 Million Stake in Schwab Municipal Bond ETF $SCMB

Envestnet Asset Management Inc. boosted its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 33.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,185 shares of the company’s stock after purchasing an additional 107,943 shares during the quarter. Envestnet Asset Management Inc. owned about 0.44% of Schwab Municipal Bond ETF worth $10,966,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC bought a new position in shares of Schwab Municipal Bond ETF in the third quarter valued at $57,000. Raymond James Financial Inc. acquired a new stake in shares of Schwab Municipal Bond ETF in the 2nd quarter worth about $110,000. Chapman Financial Group LLC bought a new position in Schwab Municipal Bond ETF in the 2nd quarter valued at about $146,000. Howe & Rusling Inc. acquired a new position in Schwab Municipal Bond ETF during the 2nd quarter valued at about $206,000. Finally, Burling Wealth Partners LLC acquired a new position in Schwab Municipal Bond ETF during the 2nd quarter valued at about $217,000.

Schwab Municipal Bond ETF Price Performance

Shares of Schwab Municipal Bond ETF stock opened at $26.06 on Thursday. Schwab Municipal Bond ETF has a 52 week low of $24.21 and a 52 week high of $26.07. The business has a 50 day moving average price of $25.86 and a 200-day moving average price of $25.67.

Schwab Municipal Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0721 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.3%.

Schwab Municipal Bond ETF 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.