Stolz & Associates PS Makes New Investment in Schwab Municipal Bond ETF $SCMB

Stolz & Associates PS purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,065 shares of the company’s stock, valued at approximately $903,000. Schwab Municipal Bond ETF accounts for about 0.7% of Stolz & Associates PS’s portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Clear Creek Financial Management LLC increased its holdings in Schwab Municipal Bond ETF by 3.2% in the 4th quarter. Clear Creek Financial Management LLC now owns 20,764 shares of the company’s stock worth $535,000 after buying an additional 649 shares during the period. Farther Finance Advisors LLC acquired a new position in Schwab Municipal Bond ETF during the fourth quarter valued at $26,000. Breakwater Capital Group lifted its position in Schwab Municipal Bond ETF by 13.6% during the third quarter. Breakwater Capital Group now owns 9,307 shares of the company’s stock valued at $238,000 after purchasing an additional 1,113 shares during the period. Orion Porfolio Solutions LLC lifted its position in Schwab Municipal Bond ETF by 11.7% during the third quarter. Orion Porfolio Solutions LLC now owns 11,939 shares of the company’s stock valued at $306,000 after purchasing an additional 1,250 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in Schwab Municipal Bond ETF by 2.5% during the fourth quarter. Meridian Wealth Management LLC now owns 53,168 shares of the company’s stock valued at $1,370,000 after purchasing an additional 1,303 shares during the period.

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Schwab Municipal Bond ETF Stock Performance

NYSEARCA SCMB opened at $25.45 on Tuesday. The company has a fifty day moving average of $25.63 and a 200 day moving average of $25.78. Schwab Municipal Bond ETF has a 1 year low of $24.81 and a 1 year high of $26.20.

Schwab Municipal Bond ETF Increases Dividend

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

Schwab Municipal Bond ETF Company Profile

(Free Report)

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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