Quantinno Capital Management LP grew its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 214.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,660 shares of the company’s stock after buying an additional 205,015 shares during the quarter. Quantinno Capital Management LP’s holdings in Schwab Municipal Bond ETF were worth $7,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of SCMB. Waverly Advisors LLC grew its holdings in shares of Schwab Municipal Bond ETF by 606.5% in the first quarter. Waverly Advisors LLC now owns 144,146 shares of the company’s stock worth $3,673,000 after acquiring an additional 123,744 shares during the period. Renaissance Technologies LLC purchased a new stake in Schwab Municipal Bond ETF during the first quarter valued at $1,014,000. RMG Wealth Management LLC bought a new position in Schwab Municipal Bond ETF in the first quarter valued at about $237,000. Cetera Investment Advisers lifted its holdings in Schwab Municipal Bond ETF by 16.6% in the first quarter. Cetera Investment Advisers now owns 67,599 shares of the company’s stock valued at $1,722,000 after acquiring an additional 9,627 shares during the period. Finally, NewEdge Wealth LLC purchased a new position in Schwab Municipal Bond ETF in the first quarter worth about $1,476,000.
Schwab Municipal Bond ETF Price Performance
Shares of NYSEARCA:SCMB opened at $25.34 on Thursday. The stock’s 50-day simple moving average is $25.62 and its two-hundred day simple moving average is $25.70. Schwab Municipal Bond ETF has a 52-week low of $24.98 and a 52-week high of $26.20.
About Schwab Municipal Bond ETF
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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