Schwab Municipal Bond ETF $SCMB Shares Newly Bought by Liberty Capital Management Inc.

Liberty Capital Management Inc. purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 108,450 shares of the company’s stock, valued at approximately $2,620,000. Liberty Capital Management Inc. owned 0.07% of Schwab Municipal Bond ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Schwab Municipal Bond ETF by 3,354.2% during the 1st quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock worth $559,525,000 after acquiring an additional 21,323,660 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth approximately $53,927,000. Charles Schwab Trust Co boosted its holdings in Schwab Municipal Bond ETF by 11.1% in the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after purchasing an additional 105,691 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Schwab Municipal Bond ETF by 18.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 860,999 shares of the company’s stock valued at $22,231,000 after purchasing an additional 134,613 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Schwab Municipal Bond ETF by 214.3% in the 1st quarter. Quantinno Capital Management LP now owns 300,660 shares of the company’s stock valued at $7,661,000 after purchasing an additional 205,015 shares during the period.

Schwab Municipal Bond ETF Stock Performance

SCMB opened at $25.00 on Friday. The company has a fifty day moving average price of $24.53 and a 200-day moving average price of $25.38. Schwab Municipal Bond ETF has a one year low of $23.81 and a one year 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.