Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 4,492,749 shares traded hands during trading, an increase of 263% from the previous session’s volume of 1,237,290 shares.The stock last traded at $25.21 and had previously closed at $25.41.
Schwab Municipal Bond ETF Price Performance
The business’s 50-day moving average is $25.64 and its two-hundred day moving average is $25.73.
Institutional Trading of Schwab Municipal Bond ETF
Several hedge funds have recently made changes to their positions in the company. Charles Schwab Trust Co increased its stake in shares of Schwab Municipal Bond ETF by 11.1% during the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock worth $27,245,000 after acquiring an additional 105,691 shares during the period. Roan Capital Partners raised its holdings in Schwab Municipal Bond ETF by 29.1% during the second quarter. Roan Capital Partners now owns 21,064 shares of the company’s stock worth $544,000 after purchasing an additional 4,746 shares in the last quarter. Breakwater Capital Group lifted its position in Schwab Municipal Bond ETF by 15.9% in the second quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock valued at $292,000 after purchasing an additional 1,550 shares during the period. Archer Investment Management LLC lifted its position in Schwab Municipal Bond ETF by 38.6% in the second quarter. Archer Investment Management LLC now owns 48,787 shares of the company’s stock valued at $1,260,000 after purchasing an additional 13,587 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the 2nd quarter valued at approximately $442,000.
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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