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

Cornerstone Advisors Asset Management LLC raised its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 31.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,439 shares of the company’s stock after buying an additional 30,347 shares during the quarter. Cornerstone Advisors Asset Management LLC owned about 0.08% of Schwab Municipal Bond ETF worth $3,031,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in shares of Schwab Municipal Bond ETF during the third quarter worth about $51,000. Stolz & Associates PS increased its holdings in shares of Schwab Municipal Bond ETF by 30.8% during the third quarter. Stolz & Associates PS now owns 50,490 shares of the company’s stock valued at $1,220,000 after acquiring an additional 11,900 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at about $357,000. Kestra Investment Management LLC acquired a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at about $497,000. Finally, Family Capital Management Inc. raised its position in shares of Schwab Municipal Bond ETF by 16.3% in the 3rd quarter. Family Capital Management Inc. now owns 47,894 shares of the company’s stock valued at $1,157,000 after purchasing an additional 6,728 shares during the last quarter.

Schwab Municipal Bond ETF Stock Down 0.3%

Shares of Schwab Municipal Bond ETF stock opened at $24.79 on Friday. The company has a 50 day moving average price of $24.53 and a 200 day moving average price of $25.35. Schwab Municipal Bond ETF has a 52 week low of $23.81 and a 52 week high of $26.20.

About Schwab Municipal Bond ETF

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.