Jones Financial Companies Lllp cut its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 39.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,774,854 shares of the company’s stock after selling 1,175,390 shares during the period. Jones Financial Companies Lllp’s holdings in Schwab Municipal Bond ETF were worth $45,419,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of SCMB. CWM LLC purchased a new position in shares of Schwab Municipal Bond ETF in the third quarter worth $57,000. Raymond James Financial Inc. acquired a new position in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at $110,000. Ameritas Advisory Services LLC acquired a new position in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at $139,000. Chapman Financial Group LLC purchased a new position in Schwab Municipal Bond ETF in the 2nd quarter worth $146,000. Finally, Howe & Rusling Inc. acquired a new stake in Schwab Municipal Bond ETF during the 2nd quarter worth about $206,000.
Schwab Municipal Bond ETF Price Performance
Shares of SCMB stock opened at $25.88 on Tuesday. The stock’s 50-day simple moving average is $25.81 and its 200-day simple moving average is $25.59. Schwab Municipal Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $26.00.
Schwab Municipal Bond ETF Announces Dividend
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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