Donaldson Capital Management LLC Purchases 29,905 Shares of Schwab Municipal Bond ETF $SCMB

Donaldson Capital Management LLC raised its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 71.4% in the third quarter, HoldingsChannel reports. The firm owned 71,792 shares of the company’s stock after buying an additional 29,905 shares during the quarter. Donaldson Capital Management LLC’s holdings in Schwab Municipal Bond ETF were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SCMB. MAI Capital Management lifted its position in Schwab Municipal Bond ETF by 1.7% during the second quarter. MAI Capital Management now owns 24,802 shares of the company’s stock valued at $625,000 after purchasing an additional 411 shares in the last quarter. VCI Wealth Management LLC increased its position in Schwab Municipal Bond ETF by 3.3% in the second quarter. VCI Wealth Management LLC now owns 15,982 shares of the company’s stock worth $402,000 after buying an additional 505 shares in the last quarter. Compass Financial Group INC SD raised its stake in shares of Schwab Municipal Bond ETF by 2.4% in the second quarter. Compass Financial Group INC SD now owns 23,036 shares of the company’s stock worth $580,000 after buying an additional 539 shares during the period. Galvin Gaustad & Stein LLC lifted its position in shares of Schwab Municipal Bond ETF by 3.8% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 17,628 shares of the company’s stock valued at $444,000 after buying an additional 638 shares in the last quarter. Finally, Legacy Wealth Management Inc lifted its position in shares of Schwab Municipal Bond ETF by 2.6% during the 3rd quarter. Legacy Wealth Management Inc now owns 35,068 shares of the company’s stock valued at $898,000 after buying an additional 875 shares in the last quarter.

Schwab Municipal Bond ETF Stock Up 0.1%

Shares of NYSEARCA:SCMB opened at $25.91 on Friday. Schwab Municipal Bond ETF has a 1-year low of $24.21 and a 1-year high of $26.00. The firm’s 50 day simple moving average is $25.81 and its two-hundred day simple moving average is $25.58.

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.