Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 28,018,427 shares traded hands during mid-day trading, an increase of 1,771% from the previous session’s volume of 1,497,563 shares.The stock last traded at $24.5950 and had previously closed at $24.79.

Schwab Municipal Bond ETF Stock Down 0.8%

The firm has a fifty day simple moving average of $25.36 and a two-hundred day simple moving average of $25.57.

Institutional Trading of Schwab Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Schwab Municipal Bond ETF by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock worth $1,690,307,000 after purchasing an additional 5,793,290 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 worth $559,525,000 after buying an additional 21,323,660 shares during the period. Charles Schwab Trust Co lifted its stake 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 during the period. Fort Point Capital Partners LLC increased its position in shares of Schwab Municipal Bond ETF by 5.9% in the 4th quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after acquiring an additional 42,573 shares during the period. Finally, United Capital Financial Advisors LLC increased its position in shares of Schwab Municipal Bond ETF by 23.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 569,983 shares of the company’s stock valued at $14,597,000 after acquiring an additional 107,707 shares during the period.

About Schwab Municipal Bond ETF

(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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