Citadel Advisors LLC Increases Holdings in Schwab Municipal Bond ETF $SCMB

Citadel Advisors LLC grew its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 956.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,635 shares of the company’s stock after buying an additional 200,658 shares during the quarter. Citadel Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $5,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Schwab Municipal Bond ETF by 9.7% during the fourth 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 lifted 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 acquiring an additional 21,323,660 shares during the period. Charles Schwab Trust Co boosted its position 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 worth $27,245,000 after purchasing an additional 105,691 shares during the last quarter. Fort Point Capital Partners LLC boosted its position in Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock worth $19,775,000 after purchasing an additional 42,573 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in shares of Schwab Municipal Bond ETF by 23.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 569,983 shares of the company’s stock valued at $14,597,000 after purchasing an additional 107,707 shares during the period.

Schwab Municipal Bond ETF Stock Performance

Schwab Municipal Bond ETF stock opened at $24.92 on Tuesday. Schwab Municipal Bond ETF has a 52-week low of $24.88 and a 52-week high of $26.20. The business has a 50-day simple moving average of $25.40 and a two-hundred day simple moving average of $25.59.

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.