Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) saw unusually-high trading volume on Friday. Approximately 6,125,762 shares were traded during mid-day trading, an increase of 229% from the previous session’s volume of 1,863,415 shares. The stock last traded at $24.0780 and had previously closed at $23.98.
Schwab Municipal Bond ETF Price Performance
The company’s 50 day moving average is $24.82 and its 200-day moving average is $25.33.
Institutional Trading of Schwab Municipal Bond ETF
Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Schwab Municipal Bond ETF by 3,354.2% during the 1st quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock valued at $559,525,000 after acquiring an additional 21,323,660 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter valued at $53,927,000. Charles Schwab Trust Co grew its position in shares of Schwab Municipal Bond ETF by 11.1% during the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after acquiring an additional 105,691 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Schwab Municipal Bond ETF by 18.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 860,999 shares of the company’s stock worth $22,231,000 after purchasing an additional 134,613 shares in the last quarter. Finally, Fort Point Capital Partners LLC raised its holdings in Schwab Municipal Bond ETF by 5.9% in the 4th quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock worth $19,775,000 after purchasing an additional 42,573 shares during the period.
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.
Featured Articles
- Five stocks we like better than Schwab Municipal Bond ETF
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for Schwab Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
