Flputnam Investment Management Co. boosted its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 100.0% in the fourth quarter, Holdings Channel reports. The firm owned 26,592 shares of the company’s stock after purchasing an additional 13,296 shares during the quarter. Flputnam Investment Management Co.’s holdings in Schwab Municipal Bond ETF were worth $683,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Trust Co boosted its stake in Schwab Municipal Bond ETF by 196.8% in the fourth quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock valued at $20,938,000 after buying an additional 540,599 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Schwab Municipal Bond ETF by 100.9% in the 4th quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock valued at $12,667,000 after purchasing an additional 249,379 shares in the last quarter. CGN Advisors LLC grew its holdings in shares of Schwab Municipal Bond ETF by 174.4% during the 4th quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock valued at $7,862,000 after purchasing an additional 194,584 shares during the last quarter. Northeast Financial Group Inc. acquired a new position in Schwab Municipal Bond ETF during the 4th quarter worth approximately $1,674,000. Finally, Myecfo LLC lifted its stake in Schwab Municipal Bond ETF by 101.2% in the 4th quarter. Myecfo LLC now owns 125,288 shares of the company’s stock valued at $3,230,000 after purchasing an additional 63,009 shares during the last quarter.
Schwab Municipal Bond ETF Stock Performance
Shares of SCMB stock opened at $25.83 on Tuesday. The stock’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $25.89. Schwab Municipal Bond ETF has a twelve month low of $25.37 and a twelve month 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.
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Want to see what other hedge funds are holding SCMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report).
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