Charles Schwab Investment Management Inc. Purchases 525,255 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Charles Schwab Investment Management Inc. lifted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 82.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,822 shares of the company’s stock after acquiring an additional 525,255 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.19% of Schwab Municipal Bond ETF worth $29,913,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 3rd quarter worth $26,000. Continuum Advisory LLC grew its position in Schwab Municipal Bond ETF by 166.7% during the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after buying an additional 500 shares during the period. Avior Wealth Management LLC bought a new position in Schwab Municipal Bond ETF during the third quarter valued at about $149,000. IFP Advisors Inc grew its position in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock valued at $84,000 after buying an additional 1,645 shares during the period. Finally, HighTower Advisors LLC bought a new position in Schwab Municipal Bond ETF during the third quarter valued at about $210,000.

Schwab Municipal Bond ETF Stock Performance

SCMB opened at $25.52 on Tuesday. The firm has a 50-day moving average of $25.68 and a 200 day moving average of $25.86. Schwab Municipal Bond ETF has a fifty-two week low of $25.37 and a fifty-two week high of $26.37.

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.