Schwab Municipal Bond ETF Stock Scheduled to Split on Friday, October 11th (NYSEARCA:SCMB)

Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) are going to split before the market opens on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, October 10th.

Schwab Municipal Bond ETF Stock Down 0.1 %

SCMB stock traded down $0.05 during midday trading on Thursday, reaching $52.42. 49,482 shares of the company’s stock traded hands, compared to its average volume of 51,759. Schwab Municipal Bond ETF has a 52-week low of $48.56 and a 52-week high of $52.74. The stock’s 50-day moving average is $52.17 and its 200 day moving average is $51.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP raised its stake in Schwab Municipal Bond ETF by 578.0% during the 2nd quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock worth $9,574,000 after acquiring an additional 158,786 shares during the period. Charles Schwab Trust Co lifted its position in shares of Schwab Municipal Bond ETF by 122.2% in the first quarter. Charles Schwab Trust Co now owns 277,203 shares of the company’s stock valued at $14,428,000 after acquiring an additional 152,424 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of Schwab Municipal Bond ETF in the fourth quarter worth about $6,318,000. CGN Advisors LLC bought a new position in shares of Schwab Municipal Bond ETF in the first quarter worth about $4,457,000. Finally, VanderPol Investments L.L.C. bought a new stake in Schwab Municipal Bond ETF during the 1st quarter valued at approximately $2,194,000.

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.