Charles Schwab Investment Management Inc. Has $29.91 Million Stock Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Charles Schwab Investment Management Inc. lifted its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 82.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,164,822 shares of the company’s stock after buying an additional 525,255 shares during the quarter. Charles Schwab Investment Management Inc. owned about 18.94% of Schwab Municipal Bond ETF worth $29,913,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth about $26,000. Continuum Advisory LLC raised its stake in Schwab Municipal Bond ETF by 166.7% in the 3rd quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth about $149,000. IFP Advisors Inc raised its stake in Schwab Municipal Bond ETF by 100.0% in the 4th quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after purchasing an additional 1,645 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth about $210,000.

Schwab Municipal Bond ETF Stock Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.52 on Tuesday. Schwab Municipal Bond ETF has a twelve month low of $25.37 and a twelve month high of $26.37. The company has a 50-day simple moving average of $25.68 and a two-hundred day simple moving average of $25.86.

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.