Advyzon Investment Management LLC Invests $513,000 in Schwab Municipal Bond ETF $SCMB

Advyzon Investment Management LLC bought a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,040 shares of the company’s stock, valued at approximately $513,000.

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

Schwab Municipal Bond ETF Price Performance

Schwab Municipal Bond ETF stock opened at $26.06 on Friday. Schwab Municipal Bond ETF has a 52 week low of $24.21 and a 52 week high of $26.08. The company has a 50 day moving average price of $25.88 and a 200 day moving average price of $25.69.

Schwab Municipal Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a $0.0721 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.