Schwab Municipal Bond ETF $SCMB Shares Purchased by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC lifted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 31.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 125,439 shares of the company’s stock after acquiring an additional 30,347 shares during the period. Cornerstone Advisors Asset Management LLC’s holdings in Schwab Municipal Bond ETF were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter worth $51,000. Stolz & Associates PS lifted its position in Schwab Municipal Bond ETF by 30.8% during the 3rd quarter. Stolz & Associates PS now owns 50,490 shares of the company’s stock worth $1,220,000 after acquiring an additional 11,900 shares during the period. Lido Advisors LLC acquired a new stake in Schwab Municipal Bond ETF during the 3rd quarter worth about $357,000. Kestra Investment Management LLC acquired a new stake in Schwab Municipal Bond ETF during the 3rd quarter worth about $497,000. Finally, Family Capital Management Inc. grew its stake in Schwab Municipal Bond ETF by 16.3% during the 3rd quarter. Family Capital Management Inc. now owns 47,894 shares of the company’s stock valued at $1,157,000 after purchasing an additional 6,728 shares during the last quarter.

Schwab Municipal Bond ETF Trading Down 0.3%

Schwab Municipal Bond ETF stock opened at $24.79 on Friday. The business’s 50-day simple moving average is $24.53 and its two-hundred day simple moving average is $25.35. Schwab Municipal Bond ETF has a fifty-two week low of $23.81 and a fifty-two week high of $26.20.

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.