NewCorp Financial Services Inc. Buys New Stake in Schwab Municipal Bond ETF $SCMB

NewCorp Financial Services Inc. bought a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,138 shares of the company’s stock, valued at approximately $905,000. Schwab Municipal Bond ETF makes up approximately 0.8% of NewCorp Financial Services Inc.’s holdings, making the stock its 19th biggest position.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Trust Co raised its holdings in Schwab Municipal Bond ETF by 14.2% in the 4th quarter. Charles Schwab Trust Co now owns 916,075 shares of the company’s stock valued at $23,598,000 after acquiring an additional 113,942 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Schwab Municipal Bond ETF by 600.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after acquiring an additional 773,503 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in Schwab Municipal Bond ETF by 14.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 894,144 shares of the company’s stock valued at $23,033,000 after acquiring an additional 113,208 shares during the last quarter. Bank of America Corp DE raised its holdings in Schwab Municipal Bond ETF by 32.8% in the 3rd quarter. Bank of America Corp DE now owns 602,985 shares of the company’s stock valued at $15,442,000 after acquiring an additional 148,996 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in Schwab Municipal Bond ETF by 23.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 569,983 shares of the company’s stock valued at $14,597,000 after acquiring an additional 107,707 shares during the last quarter.

Schwab Municipal Bond ETF Stock Performance

Shares of SCMB opened at $25.68 on Monday. The stock has a fifty day moving average of $25.58 and a two-hundred day moving average of $25.76. Schwab Municipal Bond ETF has a fifty-two week low of $24.81 and a fifty-two week high of $26.20.

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.