Clear Creek Financial Management LLC Takes Position in Schwab Municipal Bond ETF $SCMB

Clear Creek Financial Management LLC purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,115 shares of the company’s stock, valued at approximately $515,000.

Other hedge funds have also bought and sold shares of the company. CWM LLC bought a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at $57,000. Raymond James Financial Inc. purchased a new position 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 during the second quarter valued at about $146,000. Howe & Rusling Inc. purchased a new stake in Schwab Municipal Bond ETF during the second quarter worth about $206,000. Finally, Burling Wealth Partners LLC bought a new stake in Schwab Municipal Bond ETF in the second quarter worth about $217,000.

Schwab Municipal Bond ETF Stock Performance

SCMB opened at $26.06 on Friday. Schwab Municipal Bond ETF has a twelve month low of $24.21 and a twelve month high of $26.08. The company’s 50-day moving average price is $25.88 and its two-hundred day moving average price is $25.69.

Schwab Municipal Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0721 per share. This represents a c) annualized dividend and a 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.