Charles Schwab Trust Co Sells 800,507 Shares of Schwab Municipal Bond ETF $SCMB

Charles Schwab Trust Co decreased its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 75.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,695 shares of the company’s stock after selling 800,507 shares during the quarter. Charles Schwab Trust Co’s holdings in Schwab Municipal Bond ETF were worth $6,153,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Schwab Municipal Bond ETF by 3,354.2% during 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 acquiring an additional 21,323,660 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new position in shares of Schwab Municipal Bond ETF in the 3rd quarter worth about $53,927,000. Envestnet Asset Management Inc. lifted its position in shares of Schwab Municipal Bond ETF by 18.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 860,999 shares of the company’s stock worth $22,231,000 after buying an additional 134,613 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Schwab Municipal Bond ETF by 214.3% in the 1st quarter. Quantinno Capital Management LP now owns 300,660 shares of the company’s stock worth $7,661,000 after buying an additional 205,015 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 956.6% in the 2nd quarter. Citadel Advisors LLC now owns 221,635 shares of the company’s stock valued at $5,723,000 after buying an additional 200,658 shares during the period.

Schwab Municipal Bond ETF Trading Up 0.7%

Shares of NYSEARCA SCMB traded up $0.17 during midday trading on Thursday, hitting $24.48. The company’s stock had a trading volume of 1,451,962 shares, compared to its average volume of 2,026,456. Schwab Municipal Bond ETF has a 1-year low of $23.81 and a 1-year high of $26.20. The firm’s fifty day moving average price is $24.74 and its 200-day moving average price is $25.30.

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.