JPMorgan Chase & Co. Raises Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

JPMorgan Chase & Co. increased its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 44.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,155 shares of the company’s stock after acquiring an additional 18,014 shares during the quarter. JPMorgan Chase & Co. owned about 0.95% of Schwab Municipal Bond ETF worth $3,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in shares of Schwab Municipal Bond ETF in the third quarter worth about $26,000. Continuum Advisory LLC grew 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 valued at $42,000 after buying an additional 500 shares in the last quarter. Avior Wealth Management LLC purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at approximately $149,000. Element Wealth LLC raised its holdings in Schwab Municipal Bond ETF by 64.1% during the 3rd quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock valued at $193,000 after acquiring an additional 1,435 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the third quarter worth $201,000.

Schwab Municipal Bond ETF Stock Performance

Shares of NYSEARCA SCMB opened at $25.55 on Monday. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37. The business has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $25.93.

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.