Gemmer Asset Management LLC lifted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 33.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,831 shares of the company’s stock after buying an additional 3,491 shares during the quarter. Gemmer Asset Management LLC’s holdings in Schwab Municipal Bond ETF were worth $348,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of SCMB. AE Wealth Management LLC raised its holdings in shares of Schwab Municipal Bond ETF by 394.9% in the 1st quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after buying an additional 774 shares during the period. Allworth Financial LP purchased a new stake in shares of Schwab Municipal Bond ETF in the 1st quarter valued at $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in Schwab Municipal Bond ETF during the 1st quarter worth $32,000. Harbour Investments Inc. grew its stake in Schwab Municipal Bond ETF by 811.1% during the 1st quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock worth $116,000 after purchasing an additional 4,088 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Schwab Municipal Bond ETF during the 2nd quarter worth $139,000.
Schwab Municipal Bond ETF Price Performance
SCMB opened at $25.61 on Friday. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $26.30. The business has a fifty day moving average price of $25.30 and a 200 day moving average price of $25.15.
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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