Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) saw unusually-strong trading volume on Wednesday . 10,300,433 shares changed hands during trading, an increase of 573% from the previous session’s volume of 1,531,583 shares.The stock last traded at $24.5350 and had previously closed at $24.54.
Schwab Municipal Bond ETF Stock Performance
The business has a fifty day moving average of $25.26 and a 200-day moving average of $25.53.
Hedge Funds Weigh In On Schwab Municipal Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of SCMB. Integrated Wealth Concepts LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 2nd quarter worth approximately $50,000. Root Financial Partners LLC grew its stake in Schwab Municipal Bond ETF by 184.2% in the fourth quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock worth $79,000 after purchasing an additional 1,989 shares during the period. Clearstead Advisors LLC grew its position in shares of Schwab Municipal Bond ETF by 1,818.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock worth $84,000 after buying an additional 3,091 shares during the period. Friedenthal Financial purchased a new position in Schwab Municipal Bond ETF during the 1st quarter valued at about $133,000. Finally, Larson Financial Group LLC grew its stake in shares of Schwab Municipal Bond ETF by 426.7% in the 4th quarter. Larson Financial Group LLC now owns 5,235 shares of the company’s stock worth $135,000 after buying an additional 4,241 shares during the last quarter.
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.
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