Manning & Napier Advisors LLC Buys 26,020 Shares of Schwab Municipal Bond ETF $SCMB

Manning & Napier Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 32.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,109 shares of the company’s stock after buying an additional 26,020 shares during the period. Manning & Napier Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $2,759,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Schwab Municipal Bond ETF by 33.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 428,185 shares of the company’s stock worth $10,966,000 after acquiring an additional 107,943 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in Schwab Municipal Bond ETF in the 3rd quarter worth about $513,000. Shared Vision Wealth Group LLC bought a new position in Schwab Municipal Bond ETF in the third quarter valued at about $829,000. JPMorgan Chase & Co. raised its position in Schwab Municipal Bond ETF by 600.5% in the third quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after purchasing an additional 773,503 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the third quarter valued at about $515,000.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA:SCMB opened at $25.66 on Friday. The stock’s 50-day moving average is $25.69 and its 200-day moving average is $25.80. Schwab Municipal Bond ETF has a 1-year low of $24.81 and a 1-year high of $26.20.

Schwab Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.0784 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%. This is a boost from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07.

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.