Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) shares saw strong trading volume on Thursday . Approximately 4,492,749 shares traded hands during mid-day trading, an increase of 263% from the previous session’s volume of 1,237,290 shares.The stock last traded at $25.21 and had previously closed at $25.41.
Schwab Municipal Bond ETF Trading Down 0.7%
The firm has a 50-day moving average of $25.65 and a two-hundred day moving average of $25.74.
Hedge Funds Weigh In On Schwab Municipal Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of SCMB. Wescott Financial Advisory Group LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 4th quarter valued at approximately $794,000. NewCorp Financial Services Inc. bought a new position in Schwab Municipal Bond ETF during the fourth quarter valued at approximately $905,000. Stolz & Associates PS bought a new position in Schwab Municipal Bond ETF during the fourth quarter valued at approximately $903,000. Fort Point Capital Partners LLC lifted its stake in Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after acquiring an additional 42,573 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its stake in Schwab Municipal Bond ETF by 32.1% in the fourth quarter. Manning & Napier Advisors LLC now owns 107,109 shares of the company’s stock valued at $2,759,000 after acquiring an additional 26,020 shares during 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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