Schwab Municipal Bond ETF $SCMB Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 12.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 755,515 shares of the company’s stock after acquiring an additional 86,264 shares during the period. Schwab Municipal Bond ETF makes up approximately 0.7% of Pallas Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Pallas Capital Advisors LLC owned about 0.91% of Schwab Municipal Bond ETF worth $19,024,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SCMB. AE Wealth Management LLC raised its holdings in Schwab Municipal Bond ETF by 394.9% in the 1st quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after acquiring an additional 774 shares during the last quarter. Allworth Financial LP acquired a new stake in Schwab Municipal Bond ETF in the 1st quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Schwab Municipal Bond ETF in the 1st quarter valued at about $32,000. Harbour Investments Inc. raised its holdings in Schwab Municipal Bond ETF by 811.1% in the 1st quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock valued at $116,000 after acquiring an additional 4,088 shares during the last quarter. Finally, Breakwater Capital Group acquired a new stake in Schwab Municipal Bond ETF in the 2nd quarter valued at about $206,000.

Schwab Municipal Bond ETF Trading Up 0.2%

SCMB stock opened at $25.73 on Wednesday. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $26.37. The firm has a 50-day moving average of $25.12 and a two-hundred day moving average of $25.14.

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.