Myecfo LLC Acquires 22,740 Shares of Schwab Municipal Bond ETF $SCMB

Myecfo LLC lifted its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,440 shares of the company’s stock after buying an additional 22,740 shares during the quarter. Schwab Municipal Bond ETF makes up about 1.9% of Myecfo LLC’s portfolio, making the stock its 12th biggest position. Myecfo LLC owned 0.16% of Schwab Municipal Bond ETF worth $4,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of Schwab Municipal Bond ETF by 33.7% during the third quarter. Envestnet Asset Management Inc. now owns 428,185 shares of the company’s stock valued at $10,966,000 after purchasing an additional 107,943 shares during the period. Breakwater Investment Management grew its holdings in shares of Schwab Municipal Bond ETF by 310.7% in the third quarter. Breakwater Investment Management now owns 40,006 shares of the company’s stock worth $1,025,000 after purchasing an additional 30,266 shares during the last quarter. Corient Private Wealth LLC purchased a new position in Schwab Municipal Bond ETF in the 2nd quarter worth about $665,000. Advyzon Investment Management LLC purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter worth about $513,000. Finally, Shared Vision Wealth Group LLC bought a new stake in Schwab Municipal Bond ETF during the 3rd quarter valued at about $829,000.

Schwab Municipal Bond ETF Price Performance

Schwab Municipal Bond ETF stock opened at $25.40 on Thursday. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.20. The firm has a 50-day moving average of $25.89 and a two-hundred day moving average of $25.80.

Schwab Municipal Bond ETF Increases Dividend

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