Schwab Municipal Bond ETF $SCMB Shares Newly Purchased by MGO One Seven LLC

MGO One Seven LLC purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,000 shares of the company’s stock, valued at approximately $821,000.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of Schwab Municipal Bond ETF by 3,354.2% in the 1st quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock valued at $559,525,000 after purchasing an additional 21,323,660 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in shares of Schwab Municipal Bond ETF in the third quarter valued at approximately $53,927,000. Charles Schwab Trust Co boosted its holdings in shares of Schwab Municipal Bond ETF by 11.1% in the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after buying an additional 105,691 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Schwab Municipal Bond ETF by 18.5% during the second quarter. Envestnet Asset Management Inc. now owns 860,999 shares of the company’s stock worth $22,231,000 after acquiring an additional 134,613 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Schwab Municipal Bond ETF by 214.3% during the first quarter. Quantinno Capital Management LP now owns 300,660 shares of the company’s stock worth $7,661,000 after acquiring an additional 205,015 shares in the last quarter.

Schwab Municipal Bond ETF Trading Up 0.4%

Shares of NYSEARCA:SCMB traded up $0.11 during midday trading on Friday, reaching $25.11. 4,177,446 shares of the company were exchanged, compared to its average volume of 2,140,776. Schwab Municipal Bond ETF has a fifty-two week low of $23.81 and a fifty-two week high of $26.20. The stock has a fifty day simple moving average of $24.53 and a two-hundred day simple moving average of $25.38.

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.