Schwab Municipal Bond ETF $SCMB Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 101.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 198,918 shares of the company’s stock after purchasing an additional 100,106 shares during the quarter. RWA Wealth Partners LLC’s holdings in Schwab Municipal Bond ETF were worth $5,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in Schwab Municipal Bond ETF in the 1st quarter worth $1,248,000. Jane Street Group LLC increased its holdings in shares of Schwab Municipal Bond ETF by 125.0% in the first quarter. Jane Street Group LLC now owns 214,377 shares of the company’s stock valued at $5,439,000 after purchasing an additional 119,105 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Schwab Municipal Bond ETF by 44.8% in the second quarter. Envestnet Asset Management Inc. now owns 320,242 shares of the company’s stock worth $8,064,000 after purchasing an additional 99,133 shares during the last quarter. Golden Bell Financial Planning LLC raised its stake in shares of Schwab Municipal Bond ETF by 12.3% in the second quarter. Golden Bell Financial Planning LLC now owns 15,455 shares of the company’s stock worth $389,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Francis Financial Inc. acquired a new stake in shares of Schwab Municipal Bond ETF during the second quarter worth about $1,074,000.

Schwab Municipal Bond ETF Trading Up 0.1%

Shares of NYSEARCA SCMB opened at $26.12 on Thursday. Schwab Municipal Bond ETF has a 52 week low of $24.21 and a 52 week high of $26.14. The business’s 50 day moving average price is $25.90 and its 200 day moving average price is $25.71.

Schwab Municipal Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.0721 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.