CGN Advisors LLC Reduces Stock Holdings in Schwab Municipal Bond ETF $SCMB

CGN Advisors LLC lowered its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 17.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,093 shares of the company’s stock after selling 47,263 shares during the quarter. CGN Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $5,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Schwab Municipal Bond ETF by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock valued at $1,690,307,000 after buying an additional 5,793,290 shares in the last quarter. Bank of America Corp DE raised its stake 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 in the last quarter. Fort Point Capital Partners LLC lifted its position in Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after acquiring an additional 42,573 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in Schwab Municipal Bond ETF by 23.3% in the third 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. Finally, Jane Street Group LLC boosted its stake in Schwab Municipal Bond ETF by 143.5% in the second quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock valued at $13,145,000 after acquiring an additional 307,645 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA SCMB opened at $25.33 on Wednesday. The company has a fifty day moving average of $25.62 and a two-hundred day moving average of $25.71. Schwab Municipal Bond ETF has a 1 year low of $24.98 and a 1 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.