CGN Advisors LLC Has $7.58 Million Stake in Schwab Municipal Bond ETF $SCMB

CGN Advisors LLC lifted its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 8.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,181 shares of the company’s stock after acquiring an additional 22,520 shares during the period. CGN Advisors LLC owned 0.28% of Schwab Municipal Bond ETF worth $7,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCMB. CWM LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter worth approximately $57,000. Raymond James Financial Inc. bought a new position in shares of Schwab Municipal Bond ETF in the second quarter valued at approximately $110,000. Chapman Financial Group LLC acquired a new stake in shares of Schwab Municipal Bond ETF in the second quarter worth $146,000. Howe & Rusling Inc. acquired a new stake in shares of Schwab Municipal Bond ETF in the second quarter worth $206,000. Finally, Alteri Wealth LLC bought a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $207,000.

Schwab Municipal Bond ETF Trading Down 0.1%

NYSEARCA:SCMB opened at $25.66 on Friday. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.20. The firm’s fifty day simple moving average is $25.92 and its 200 day simple moving average is $25.79.

Schwab Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0784 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. This is a positive change from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, March 2nd.

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.