Gemmer Asset Management LLC acquired a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,340 shares of the company’s stock, valued at approximately $262,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of SCMB. IFP Advisors Inc increased its stake in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock valued at $84,000 after buying an additional 1,645 shares in the last quarter. Jane Street Group LLC grew its holdings in Schwab Municipal Bond ETF by 151.3% during the 4th quarter. Jane Street Group LLC now owns 95,272 shares of the company’s stock worth $2,447,000 after acquiring an additional 57,356 shares during the last quarter. Truist Financial Corp acquired a new stake in Schwab Municipal Bond ETF in the 4th quarter valued at about $135,000. HighTower Advisors LLC raised its stake in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. HighTower Advisors LLC now owns 8,009 shares of the company’s stock worth $206,000 after acquiring an additional 4,004 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Schwab Municipal Bond ETF by 187.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 125,900 shares of the company’s stock worth $3,233,000 after purchasing an additional 82,150 shares in the last quarter.
Schwab Municipal Bond ETF Price Performance
SCMB opened at $24.89 on Friday. The company’s 50 day simple moving average is $25.03 and its 200-day simple moving average is $25.48. Schwab Municipal Bond ETF has a one year low of $24.21 and a one 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.
See Also
- Five stocks we like better than Schwab Municipal Bond ETF
- Russell 2000 Index, How Investors Use it For Profitable Trading
- MarketBeat Week in Review – 06/02 – 06/06
- What is the Euro STOXX 50 Index?
- A Large Oil Supply Draw Could Mean Upside in These 3 Energy Names
- 3 Dividend Kings To Consider
- 3 Stocks Getting Rare Double Upgrades From Analysts
Receive News & Ratings for Schwab Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
