Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $24.87 and last traded at $24.8660, with a volume of 496006 shares changing hands. The stock had previously closed at $24.91.
Schwab Municipal Bond ETF Stock Down 0.9%
The company’s fifty day moving average price is $25.33 and its two-hundred day moving average price is $25.56.
Institutional Trading of Schwab Municipal Bond ETF
Large investors have recently added to or reduced their stakes in the company. Breakwater Capital Group lifted its stake in shares of Schwab Municipal Bond ETF by 4.4% during the first quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after acquiring an additional 413 shares during the period. Coastal Bridge Advisors LLC increased its position in Schwab Municipal Bond ETF by 2.2% in the fourth quarter. Coastal Bridge Advisors LLC now owns 25,274 shares of the company’s stock worth $651,000 after purchasing an additional 548 shares during the period. Kestra Advisory Services LLC increased its position in Schwab Municipal Bond ETF by 1.9% in the fourth quarter. Kestra Advisory Services LLC now owns 31,282 shares of the company’s stock worth $806,000 after purchasing an additional 592 shares during the period. Advyzon Investment Management LLC raised its holdings in Schwab Municipal Bond ETF by 3.6% during the 4th quarter. Advyzon Investment Management LLC now owns 20,764 shares of the company’s stock worth $535,000 after purchasing an additional 724 shares during the last quarter. Finally, Golden Bell Financial Planning LLC raised its holdings in Schwab Municipal Bond ETF by 4.7% during the 1st quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock worth $458,000 after purchasing an additional 806 shares during the last quarter.
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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