Schwab Municipal Bond ETF $SCMB Shares Sold by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC lowered its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 32.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,092 shares of the company’s stock after selling 46,633 shares during the period. Cornerstone Advisors Asset Management LLC owned about 0.06% of Schwab Municipal Bond ETF worth $2,455,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Schwab Municipal Bond ETF by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock valued at $1,690,307,000 after acquiring an additional 5,793,290 shares during the last quarter. Bank of America Corp DE increased its holdings in Schwab Municipal Bond ETF by 3,354.2% in the first quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock valued at $559,525,000 after buying an additional 21,323,660 shares during the last quarter. Charles Schwab Trust Co increased its holdings in Schwab Municipal Bond ETF by 11.1% in the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after buying an additional 105,691 shares during the last quarter. Fort Point Capital Partners LLC raised its stake in Schwab Municipal Bond ETF by 5.9% during the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after buying an additional 42,573 shares in the last quarter. Finally, United Capital Financial Advisors LLC raised its stake in Schwab Municipal Bond ETF by 23.3% during the third quarter. United Capital Financial Advisors LLC now owns 569,983 shares of the company’s stock valued at $14,597,000 after buying an additional 107,707 shares in the last quarter.

Schwab Municipal Bond ETF Stock Up 0.2%

NYSEARCA:SCMB opened at $24.92 on Friday. The business’s 50 day moving average is $25.41 and its two-hundred day moving average is $25.60. Schwab Municipal Bond ETF has a 52 week low of $24.88 and a 52 week high of $26.20.

Schwab Municipal Bond ETF Company 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.