Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) saw an uptick in trading volume on Friday. 7,399,010 shares traded hands during trading, an increase of 314% from the previous session’s volume of 1,788,791 shares. The stock last traded at $24.0450 and had previously closed at $24.17.
Schwab Municipal Bond ETF Stock Down 0.6%
The firm’s fifty day simple moving average is $24.96 and its 200-day simple moving average is $25.39.
Hedge Funds Weigh In On Schwab Municipal Bond ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Breakwater Capital Group raised its position in shares of Schwab Municipal Bond ETF by 4.4% during the 1st quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after buying an additional 413 shares in the last quarter. Kestra Advisory Services LLC grew its position in Schwab Municipal Bond ETF by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock worth $813,000 after acquiring an additional 611 shares in the last quarter. Golden Bell Financial Planning LLC increased its stake in Schwab Municipal Bond ETF by 4.7% during the first quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock worth $458,000 after acquiring an additional 806 shares during the last quarter. Continuum Advisory LLC raised its position in Schwab Municipal Bond ETF by 6.0% during the second quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after purchasing an additional 903 shares during the period. Finally, Root Financial Partners LLC raised its position in Schwab Municipal Bond ETF by 41.9% during the first quarter. Root Financial Partners LLC now owns 4,354 shares of the company’s stock valued at $111,000 after purchasing an additional 1,285 shares during the period.
About Schwab Municipal Bond ETF
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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