Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sets New 12-Month Low – Time to Sell?

Schwab Municipal Bond ETF (NYSEARCA:SCMB) hit a new 52-week low during trading on Tuesday . The stock traded as low as $24.99 and last traded at $25.02, with a volume of 79040 shares. The stock had previously closed at $25.13.

Schwab Municipal Bond ETF Stock Performance

The business has a fifty day moving average of $25.45 and a two-hundred day moving average of $25.61.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of Schwab Municipal Bond ETF during the 4th quarter worth about $26,000. McIlrath & Eck LLC acquired a new stake in Schwab Municipal Bond ETF during the fourth quarter worth approximately $34,000. Aptus Capital Advisors LLC lifted its position in Schwab Municipal Bond ETF by 742.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock worth $44,000 after acquiring an additional 1,521 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth approximately $69,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 184.2% during the fourth quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock worth $79,000 after acquiring an additional 1,989 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.