Schwab Municipal Bond ETF (NYSEARCA:SCMB) Hits New 52-Week Low – Should You Sell?

Schwab Municipal Bond ETF (NYSEARCA:SCMB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $24.99 and last traded at $25.02, with a volume of 79040 shares changing hands. The stock had previously closed at $25.13.

Schwab Municipal Bond ETF Trading Down 0.8%

The company’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $25.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCMB. Farther Finance Advisors LLC purchased a new position in Schwab Municipal Bond ETF during the 4th quarter valued at about $26,000. McIlrath & Eck LLC purchased a new position in shares of Schwab Municipal Bond ETF during the 4th quarter valued at about $34,000. JDM Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF in the 4th quarter worth approximately $38,000. Aptus Capital Advisors LLC lifted its holdings in Schwab Municipal Bond ETF by 742.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock valued at $44,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Schwab Municipal Bond ETF in the fourth quarter worth approximately $69,000.

About Schwab Municipal Bond ETF

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.