Pasadena Private Wealth LLC purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,238 shares of the company’s stock, valued at approximately $847,000.
Other hedge funds have also made changes to their positions in the company. Hoxton Planning & Management LLC grew its stake in Schwab Municipal Bond ETF by 39.6% during the 1st quarter. Hoxton Planning & Management LLC now owns 12,611 shares of the company’s stock worth $321,000 after buying an additional 3,577 shares during the last quarter. Breakwater Capital Group lifted its stake in Schwab Municipal Bond ETF by 4.4% in the first quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after buying an additional 413 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Schwab Municipal Bond ETF during the first quarter valued at $133,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Schwab Municipal Bond ETF during the fourth quarter valued at $360,000. Finally, Corient Private Wealth LLC bought a new position in shares of Schwab Municipal Bond ETF during the fourth quarter worth about $315,000.
Schwab Municipal Bond ETF Stock Performance
Schwab Municipal Bond ETF stock opened at $25.79 on Monday. Schwab Municipal Bond ETF has a one year low of $24.81 and a one year high of $26.20. The company has a 50-day simple moving average of $25.65 and a 200-day simple moving average of $25.75.
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.
Recommended Stories
- Five stocks we like better than Schwab Municipal Bond ETF
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Want to see what other hedge funds are holding SCMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report).
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.
