Flputnam Investment Management Co. Has $683,000 Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Flputnam Investment Management Co. grew its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,592 shares of the company’s stock after purchasing an additional 13,296 shares during the period. Flputnam Investment Management Co. owned about 0.43% of Schwab Municipal Bond ETF worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCMB. LifeGoal Wealth Advisors bought a new stake in shares of Schwab Municipal Bond ETF in the 4th quarter valued at $229,000. IFP Advisors Inc increased its holdings in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after acquiring an additional 1,645 shares in the last quarter. WealthShield Partners LLC increased its holdings in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. WealthShield Partners LLC now owns 5,724 shares of the company’s stock worth $147,000 after acquiring an additional 2,862 shares in the last quarter. Golden Bell Financial Planning LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth about $348,000. Finally, Element Wealth LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 100.0% during the 4th quarter. Element Wealth LLC now owns 7,350 shares of the company’s stock valued at $189,000 after purchasing an additional 3,675 shares in the last quarter.

Schwab Municipal Bond ETF Trading Down 0.5 %

Shares of SCMB opened at $25.83 on Tuesday. The stock has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $25.89. Schwab Municipal Bond ETF has a 52-week low of $25.37 and a 52-week high of $26.37.

Schwab Municipal Bond ETF 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.