Renaissance Technologies LLC purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) during the 1st quarter, Holdings Channel reports. The fund purchased 39,800 shares of the company’s stock, valued at approximately $1,014,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Schwab Municipal Bond ETF by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock worth $1,690,307,000 after buying an additional 5,793,290 shares during the period. Fort Point Capital Partners LLC raised its stake in shares of Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after acquiring an additional 42,573 shares during the period. Bank of America Corp DE raised its stake in shares of Schwab Municipal Bond ETF by 32.8% in the third quarter. Bank of America Corp DE now owns 602,985 shares of the company’s stock valued at $15,442,000 after acquiring an additional 148,996 shares during the period. United Capital Financial Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 23.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 569,983 shares of the company’s stock worth $14,597,000 after acquiring an additional 107,707 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 143.5% in the 2nd quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock worth $13,145,000 after acquiring an additional 307,645 shares during the last quarter.
Schwab Municipal Bond ETF Stock Down 0.1%
SCMB stock opened at $25.39 on Friday. Schwab Municipal Bond ETF has a 12 month low of $25.02 and a 12 month high of $26.20. The company has a 50-day moving average price of $25.58 and a 200 day moving average price of $25.68.
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.
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Want to see what other hedge funds are holding SCMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report).
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