Values Added Financial LLC Acquires Shares of 49,293 Schwab Municipal Bond ETF $SCMB

Values Added Financial LLC purchased a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 49,293 shares of the company’s stock, valued at approximately $1,270,000.

Several other large investors have also modified their holdings of SCMB. Gleason Group Inc. grew its position in Schwab Municipal Bond ETF by 69.5% in the 4th quarter. Gleason Group Inc. now owns 16,917 shares of the company’s stock valued at $436,000 after buying an additional 6,938 shares during the last quarter. Columbus Macro LLC raised its position in Schwab Municipal Bond ETF by 23.9% during the 4th quarter. Columbus Macro LLC now owns 53,076 shares of the company’s stock worth $1,367,000 after buying an additional 10,245 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF by 14.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 894,144 shares of the company’s stock worth $23,033,000 after acquiring an additional 113,208 shares during the period. Myecfo LLC lifted its stake in shares of Schwab Municipal Bond ETF by 15.2% in the 4th quarter. Myecfo LLC now owns 172,440 shares of the company’s stock worth $4,444,000 after acquiring an additional 22,740 shares during the period. Finally, Charles Schwab Trust Co boosted its holdings in shares of Schwab Municipal Bond ETF by 14.2% in the fourth quarter. Charles Schwab Trust Co now owns 916,075 shares of the company’s stock valued at $23,598,000 after acquiring an additional 113,942 shares in the last quarter.

Schwab Municipal Bond ETF Trading Up 0.3%

Shares of Schwab Municipal Bond ETF stock opened at $25.53 on Friday. Schwab Municipal Bond ETF has a 52-week low of $24.21 and a 52-week high of $26.20. The company’s 50-day simple moving average is $25.83 and its 200-day simple moving average is $25.79.

Schwab Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0784 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. This is a positive change from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07.

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.