Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $24.48 and last traded at $24.5860, with a volume of 2014235 shares trading hands. The stock had previously closed at $24.56.
Schwab Municipal Bond ETF Stock Down 0.1%
The business’s fifty day simple moving average is $25.15 and its 200 day simple moving average is $25.47.
Institutional Trading of Schwab Municipal Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCMB. Breakwater Capital Group boosted its stake in Schwab Municipal Bond ETF by 4.4% during the 1st quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after purchasing an additional 413 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Schwab Municipal Bond ETF by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock worth $813,000 after purchasing an additional 611 shares during the last quarter. Golden Bell Financial Planning LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 4.7% in the first quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock valued at $458,000 after purchasing an additional 806 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 6.0% in the second quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after purchasing an additional 903 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Schwab Municipal Bond ETF by 8.6% during the fourth quarter. Harbour Investments Inc. now owns 11,873 shares of the company’s stock valued at $306,000 after buying an additional 944 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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