Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) saw strong trading volume on Friday. 6,125,762 shares changed hands during trading, an increase of 229% from the previous session’s volume of 1,863,415 shares. The stock last traded at $24.0780 and had previously closed at $23.98.

Schwab Municipal Bond ETF Trading Up 0.3%

The business’s fifty day simple moving average is $24.82 and its 200-day simple moving average is $25.33.

Institutional Trading of Schwab Municipal Bond ETF

Several hedge funds have recently made changes to their positions in SCMB. Breakwater Capital Group grew its stake in shares of Schwab Municipal Bond ETF by 4.4% during 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 last quarter. Kestra Advisory Services LLC raised its holdings in shares of Schwab Municipal Bond ETF by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock valued at $813,000 after acquiring an additional 611 shares in the last quarter. Golden Bell Financial Planning LLC raised its holdings in shares of Schwab Municipal Bond ETF by 4.7% in the 1st quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock valued at $458,000 after purchasing an additional 806 shares in the last quarter. Continuum Advisory LLC boosted its position in 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 in the last quarter. Finally, Root Financial Partners LLC boosted its position in Schwab Municipal Bond ETF by 41.9% during the first quarter. Root Financial Partners LLC now owns 4,354 shares of the company’s stock valued at $111,000 after purchasing an additional 1,285 shares in 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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