Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Unusually-High Trading Volume – Should You Buy?

Schwab Municipal Bond ETF (NYSEARCA:SCMB) shares saw unusually-strong trading volume on Thursday . 4,492,749 shares were traded during mid-day trading, an increase of 263% from the previous session’s volume of 1,237,290 shares.The stock last traded at $25.21 and had previously closed at $25.41.

Schwab Municipal Bond ETF Trading Down 0.7%

The company’s 50-day simple moving average is $25.65 and its 200 day simple moving average is $25.74.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SCMB. Bank of America Corp DE grew its holdings in Schwab Municipal Bond ETF by 3,354.2% during the first quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock valued at $559,525,000 after purchasing an additional 21,323,660 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Schwab Municipal Bond ETF by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock worth $1,690,307,000 after buying an additional 5,793,290 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Schwab Municipal Bond ETF by 600.5% in the third quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock worth $23,108,000 after buying an additional 773,503 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 245.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 489,805 shares of the company’s stock worth $12,652,000 after buying an additional 348,114 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 143.5% during the 2nd quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock worth $13,145,000 after buying an additional 307,645 shares during the period.

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.