Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 539,702 shares of the company’s stock after purchasing an additional 58,543 shares during the period. Pallas Capital Advisors LLC owned approximately 0.09% of Schwab Municipal Bond ETF worth $13,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCMB. Continuum Advisory LLC lifted its position in shares of Schwab Municipal Bond ETF by 166.7% during the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF during the 3rd quarter worth $26,000. Captrust Financial Advisors increased its stake in Schwab Municipal Bond ETF by 3.5% during the 3rd quarter. Captrust Financial Advisors now owns 20,888 shares of the company’s stock worth $1,097,000 after buying an additional 700 shares during the period. Element Wealth LLC lifted its holdings in Schwab Municipal Bond ETF by 64.1% in the 3rd quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock worth $193,000 after buying an additional 1,435 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Schwab Municipal Bond ETF by 5.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,507 shares of the company’s stock valued at $1,655,000 after buying an additional 1,670 shares during the last quarter.

Schwab Municipal Bond ETF Trading Down 0.2 %

Shares of NYSEARCA:SCMB traded down $0.05 during trading on Monday, hitting $25.46. The company’s stock had a trading volume of 220,385 shares, compared to its average volume of 145,741. Schwab Municipal Bond ETF has a fifty-two week low of $25.42 and a fifty-two week high of $26.37. The stock’s 50-day moving average price is $25.84 and its two-hundred day moving average price is $25.94.

Schwab Municipal Bond ETF Company Profile

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.