Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) saw an uptick in trading volume on Thursday . 28,018,427 shares were traded during mid-day trading, an increase of 1,771% from the previous session’s volume of 1,497,563 shares.The stock last traded at $24.5950 and had previously closed at $24.79.
Schwab Municipal Bond ETF Trading Down 0.8%
The company’s 50-day simple moving average is $25.36 and its 200 day simple moving average is $25.57.
Institutional Investors Weigh In On Schwab Municipal Bond ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in Schwab Municipal Bond ETF in the second quarter valued at approximately $50,000. Waverly Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 6.7% during the 2nd quarter. Waverly Advisors LLC now owns 153,858 shares of the company’s stock valued at $3,973,000 after purchasing an additional 9,712 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 956.6% during the 2nd quarter. Citadel Advisors LLC now owns 221,635 shares of the company’s stock valued at $5,723,000 after purchasing an additional 200,658 shares during the last quarter. Corient Private Wealth LP boosted its position in shares of Schwab Municipal Bond ETF by 34.3% in the 2nd quarter. Corient Private Wealth LP now owns 16,875 shares of the company’s stock worth $436,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Asset Allocation Strategies LLC boosted its position in shares of Schwab Municipal Bond ETF by 31.0% in the 2nd quarter. Asset Allocation Strategies LLC now owns 33,610 shares of the company’s stock worth $868,000 after purchasing an additional 7,955 shares in the last quarter.
Schwab Municipal Bond ETF Company 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.
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