Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Acquired by Charles Schwab Trust Co

Charles Schwab Trust Co raised its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 196.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 815,340 shares of the company’s stock after acquiring an additional 540,599 shares during the period. Schwab Municipal Bond ETF makes up 1.8% of Charles Schwab Trust Co’s investment portfolio, making the stock its 15th biggest holding. Charles Schwab Trust Co owned 13.26% of Schwab Municipal Bond ETF worth $20,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC purchased a new position in Schwab Municipal Bond ETF during the 3rd quarter worth $210,000. B. Riley Wealth Advisors Inc. raised its holdings in Schwab Municipal Bond ETF by 24.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,800 shares of the company’s stock worth $777,000 after purchasing an additional 2,875 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Schwab Municipal Bond ETF by 44.9% in the third quarter. JPMorgan Chase & Co. now owns 58,155 shares of the company’s stock valued at $3,055,000 after purchasing an additional 18,014 shares during the period. Pallas Capital Advisors LLC boosted its holdings in Schwab Municipal Bond ETF by 12.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 539,702 shares of the company’s stock valued at $13,860,000 after purchasing an additional 58,543 shares in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new position in shares of Schwab Municipal Bond ETF during the 4th quarter worth approximately $1,022,000.

Schwab Municipal Bond ETF Stock Up 0.1 %

Shares of SCMB stock opened at $25.55 on Tuesday. The business’s fifty day moving average price is $25.81 and its 200 day moving average price is $25.93. Schwab Municipal Bond ETF has a 1-year low of $25.37 and a 1-year high of $26.37.

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.