Charles Schwab Trust Co Sells 286,901 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Charles Schwab Trust Co reduced its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 35.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 528,439 shares of the company’s stock after selling 286,901 shares during the quarter. Schwab Municipal Bond ETF comprises approximately 1.1% of Charles Schwab Trust Co’s holdings, making the stock its 23rd largest position. Charles Schwab Trust Co owned 2.27% of Schwab Municipal Bond ETF worth $13,406,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of Schwab Municipal Bond ETF by 100.8% during the fourth quarter. Larson Financial Group LLC now owns 1,006 shares of the company’s stock valued at $26,000 after acquiring an additional 505 shares in the last quarter. Capital Analysts LLC boosted its stake in Schwab Municipal Bond ETF by 228.4% during the 4th quarter. Capital Analysts LLC now owns 2,791 shares of the company’s stock valued at $72,000 after purchasing an additional 1,941 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Schwab Municipal Bond ETF by 100.0% in the 4th quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after purchasing an additional 1,645 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Schwab Municipal Bond ETF in the fourth quarter worth $135,000. Finally, WealthShield Partners LLC raised its stake in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. WealthShield Partners LLC now owns 5,724 shares of the company’s stock worth $147,000 after purchasing an additional 2,862 shares during the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA:SCMB opened at $24.97 on Thursday. The business has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $25.50. Schwab Municipal Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $26.37.

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.