Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.56 and last traded at $24.5550, with a volume of 4947255 shares. The stock had previously closed at $24.63.
Schwab Municipal Bond ETF Trading Up 0.2%
The company has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $25.52.
Institutional Trading of Schwab Municipal Bond ETF
Several large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Schwab Municipal Bond ETF by 3,354.2% in the 1st 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 in the last quarter. Charles Schwab Trust Co grew its holdings in shares of Schwab Municipal Bond ETF by 11.1% during the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock worth $27,245,000 after buying an additional 105,691 shares in the last quarter. Fort Point Capital Partners LLC raised its position in shares of Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after buying an additional 42,573 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Schwab Municipal Bond ETF by 214.3% in the first quarter. Quantinno Capital Management LP now owns 300,660 shares of the company’s stock valued at $7,661,000 after buying an additional 205,015 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF by 956.6% in the second quarter. Citadel Advisors LLC now owns 221,635 shares of the company’s stock worth $5,723,000 after buying an additional 200,658 shares in the last quarter.
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.
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