Charles Schwab Trust Co Purchases 105,691 Shares of Schwab Municipal Bond ETF $SCMB

Charles Schwab Trust Co increased its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 11.1% during the second quarter, Holdings Channel reports. The fund owned 1,055,202 shares of the company’s stock after purchasing an additional 105,691 shares during the period. Schwab Municipal Bond ETF makes up about 1.5% of Charles Schwab Trust Co’s portfolio, making the stock its 18th biggest position. Charles Schwab Trust Co’s holdings in Schwab Municipal Bond ETF were worth $27,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Breakwater Capital Group grew its holdings in shares of Schwab Municipal Bond ETF by 4.4% during the first quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock worth $249,000 after purchasing an additional 413 shares during the last quarter. Coastal Bridge Advisors LLC raised its holdings in shares of Schwab Municipal Bond ETF by 2.2% in the fourth quarter. Coastal Bridge Advisors LLC now owns 25,274 shares of the company’s stock valued at $651,000 after buying an additional 548 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Schwab Municipal Bond ETF by 1.9% in the fourth quarter. Kestra Advisory Services LLC now owns 31,282 shares of the company’s stock valued at $806,000 after buying an additional 592 shares during the last quarter. Clear Creek Financial Management LLC lifted its position in Schwab Municipal Bond ETF by 3.2% during the 4th quarter. Clear Creek Financial Management LLC now owns 20,764 shares of the company’s stock worth $535,000 after buying an additional 649 shares in the last quarter. Finally, Advyzon Investment Management LLC lifted its position in Schwab Municipal Bond ETF by 3.6% during the 4th quarter. Advyzon Investment Management LLC now owns 20,764 shares of the company’s stock worth $535,000 after buying an additional 724 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $25.38 on Tuesday. The company’s 50 day simple moving average is $25.60 and its 200-day simple moving average is $25.69. Schwab Municipal Bond ETF has a one year low of $25.02 and a one year high of $26.20.

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.