800,507 Schwab Municipal Bond ETF $SCMB Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co reduced its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 75.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,695 shares of the company’s stock after selling 800,507 shares during the quarter. Charles Schwab Trust Co owned about 0.20% of Schwab Municipal Bond ETF worth $6,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCMB. Financial Life Advisors acquired a new position in Schwab Municipal Bond ETF during the 3rd quarter worth approximately $309,000. Myecfo LLC boosted its position in Schwab Municipal Bond ETF by 11.8% in the 3rd quarter. Myecfo LLC now owns 186,910 shares of the company’s stock valued at $4,516,000 after buying an additional 19,680 shares during the last quarter. Compass Financial Group INC SD grew its stake in shares of Schwab Municipal Bond ETF by 6.8% during the third quarter. Compass Financial Group INC SD now owns 160,078 shares of the company’s stock valued at $3,867,000 after acquiring an additional 10,152 shares in the last quarter. Breakwater Capital Group grew its stake in shares of Schwab Municipal Bond ETF by 96.9% during the third quarter. Breakwater Capital Group now owns 22,272 shares of the company’s stock valued at $538,000 after acquiring an additional 10,963 shares in the last quarter. Finally, LifeGoal Investments LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the third quarter valued at about $453,000.

Schwab Municipal Bond ETF Price Performance

NYSEARCA SCMB traded up $0.17 during mid-day trading on Thursday, reaching $24.48. 1,451,962 shares of the company’s stock traded hands, compared to its average volume of 2,026,456. Schwab Municipal Bond ETF has a 1-year low of $23.81 and a 1-year high of $26.20. The company has a fifty day simple moving average of $24.74 and a 200-day simple moving average of $25.30.

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.