49,293 Shares in Schwab Municipal Bond ETF $SCMB Bought by Values Added Financial LLC

Values Added Financial LLC acquired a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, Holdings Channel.com reports. The firm acquired 49,293 shares of the company’s stock, valued at approximately $1,270,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCMB. Goldman Sachs Group Inc. purchased a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter worth $1,248,000. Jane Street Group LLC increased its stake in shares of Schwab Municipal Bond ETF by 125.0% during the 1st quarter. Jane Street Group LLC now owns 214,377 shares of the company’s stock worth $5,439,000 after purchasing an additional 119,105 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Schwab Municipal Bond ETF by 165.5% in the second quarter. JPMorgan Chase & Co. now owns 128,813 shares of the company’s stock worth $3,244,000 after acquiring an additional 80,303 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Schwab Municipal Bond ETF in the 2nd quarter valued at about $248,000. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of Schwab Municipal Bond ETF in the second quarter valued at approximately $569,000.

Schwab Municipal Bond ETF Price Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.53 on Friday. Schwab Municipal Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $26.20. The business’s fifty day moving average is $25.83 and its two-hundred day moving average is $25.79.

Schwab Municipal Bond ETF Increases Dividend

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

Schwab Municipal Bond ETF 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.