Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Large Volume Increase – Time to Buy?

Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) saw unusually-strong trading volume on Friday. Approximately 7,399,010 shares changed hands during trading, an increase of 314% from the previous session’s volume of 1,788,791 shares. The stock last traded at $24.0450 and had previously closed at $24.17.

Schwab Municipal Bond ETF Stock Down 0.6%

The business has a 50 day moving average price of $24.96 and a two-hundred day moving average price of $25.39.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Schwab Municipal Bond ETF in the second quarter worth $50,000. Root Financial Partners LLC raised its position in shares of Schwab Municipal Bond ETF by 184.2% in the 4th quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock worth $79,000 after acquiring an additional 1,989 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter valued at $133,000. Integrity Investment Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the fourth quarter worth about $212,000. Finally, RMG Wealth Management LLC bought a new position in Schwab Municipal Bond ETF during the 1st quarter valued at approximately $237,000.

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.