Charles Schwab Trust Co Has $23.60 Million Position in Schwab Municipal Bond ETF $SCMB

Charles Schwab Trust Co raised its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 916,075 shares of the company’s stock after purchasing an additional 113,942 shares during the period. Schwab Municipal Bond ETF makes up about 1.6% of Charles Schwab Trust Co’s investment portfolio, making the stock its 18th biggest holding. Charles Schwab Trust Co owned about 0.84% of Schwab Municipal Bond ETF worth $23,598,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of Schwab Municipal Bond ETF by 33.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 428,185 shares of the company’s stock valued at $10,966,000 after buying an additional 107,943 shares during the period. Breakwater Investment Management raised its stake in Schwab Municipal Bond ETF by 310.7% during the 3rd quarter. Breakwater Investment Management now owns 40,006 shares of the company’s stock worth $1,025,000 after buying an additional 30,266 shares during the period. Corient Private Wealth LLC acquired a new stake in Schwab Municipal Bond ETF during the 2nd quarter worth $665,000. Shared Vision Wealth Group LLC bought a new position in Schwab Municipal Bond ETF during the third quarter worth about $829,000. Finally, Advyzon Investment Management LLC bought a new position in Schwab Municipal Bond ETF during the third quarter worth about $513,000.

Schwab Municipal Bond ETF Price Performance

NYSEARCA:SCMB opened at $25.45 on Monday. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.20. The stock has a 50-day moving average price of $25.92 and a two-hundred day moving average price of $25.80.

Schwab Municipal Bond ETF Increases Dividend

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

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.