Donaldson Capital Management LLC Has $1.84 Million Position in Schwab Municipal Bond ETF $SCMB

Donaldson Capital Management LLC raised its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 71.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,792 shares of the company’s stock after acquiring an additional 29,905 shares during the period. Donaldson Capital Management LLC owned approximately 0.07% of Schwab Municipal Bond ETF worth $1,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. CWM LLC bought a new position in shares of Schwab Municipal Bond ETF in the third quarter worth $57,000. Raymond James Financial Inc. acquired a new stake in Schwab Municipal Bond ETF during the second quarter worth about $110,000. Ameritas Advisory Services LLC bought a new position in Schwab Municipal Bond ETF in the 2nd quarter valued at about $139,000. Chapman Financial Group LLC acquired a new position in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at approximately $146,000. Finally, Howe & Rusling Inc. bought a new stake in shares of Schwab Municipal Bond ETF during the 2nd quarter worth approximately $206,000.

Schwab Municipal Bond ETF Trading Up 0.1%

NYSEARCA SCMB opened at $25.91 on Friday. The firm’s 50 day simple moving average is $25.81 and its 200 day simple moving average is $25.58. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.00.

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.