Manning & Napier Advisors LLC Buys 26,020 Shares of Schwab Municipal Bond ETF $SCMB

Manning & Napier Advisors LLC boosted its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 32.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,109 shares of the company’s stock after acquiring an additional 26,020 shares during the period. Manning & Napier Advisors LLC owned 0.08% of Schwab Municipal Bond ETF worth $2,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCMB. Farther Finance Advisors LLC bought a new stake in shares of Schwab Municipal Bond ETF during the 4th quarter valued at $26,000. McIlrath & Eck LLC bought a new position in shares of Schwab Municipal Bond ETF in the fourth quarter worth $34,000. JDM Financial Group LLC bought a new position in shares of Schwab Municipal Bond ETF in the fourth quarter worth $38,000. CWM LLC acquired a new position in Schwab Municipal Bond ETF in the third quarter valued at about $57,000. Finally, Raymond James Financial Inc. acquired a new position in Schwab Municipal Bond ETF in the second quarter valued at about $110,000.

Schwab Municipal Bond ETF Stock Up 0.1%

SCMB opened at $25.66 on Friday. Schwab Municipal Bond ETF has a twelve month low of $24.81 and a twelve month high of $26.20. The company has a 50-day simple moving average of $25.69 and a 200 day simple moving average of $25.80.

Schwab Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0784 per share. This is a boost from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Schwab Municipal Bond ETF 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.