Schwab Municipal Bond ETF (NYSEARCA:SCMB) Hits New 1-Year Low – Here’s Why

by · The Markets Daily

Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) shares hit a new 52-week low during trading on Monday. The company traded as low as $23.94 and last traded at $23.9050, with a volume of 68504 shares trading hands. The stock had previously closed at $24.13.

Schwab Municipal Bond ETF Stock Performance

The business has a 50-day moving average price of $25.07 and a two-hundred day moving average price of $25.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Breakwater Capital Group lifted its holdings in Schwab Municipal Bond ETF by 4.4% in the first quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after buying an additional 413 shares during the period. Kestra Advisory Services LLC grew its holdings in Schwab Municipal Bond ETF by 2.0% during the 1st quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock worth $813,000 after acquiring an additional 611 shares during the period. Golden Bell Financial Planning LLC grew its holdings in Schwab Municipal Bond ETF by 4.7% during the 1st quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock worth $458,000 after acquiring an additional 806 shares during the period. Continuum Advisory LLC raised its position in shares of Schwab Municipal Bond ETF by 6.0% during the 2nd quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after acquiring an additional 903 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Schwab Municipal Bond ETF by 8.6% during the 4th quarter. Harbour Investments Inc. now owns 11,873 shares of the company’s stock valued at $306,000 after acquiring an additional 944 shares during the last quarter.

Schwab Municipal Bond ETF Company Profile

(Get Free Report)

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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