Citadel Advisors LLC Purchases 200,658 Shares of Schwab Municipal Bond ETF $SCMB

Citadel Advisors LLC grew its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 956.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,635 shares of the company’s stock after buying an additional 200,658 shares during the quarter. Citadel Advisors LLC owned 0.14% of Schwab Municipal Bond ETF worth $5,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SCMB. Farther Finance Advisors LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter valued at approximately $26,000. Aptus Capital Advisors LLC raised its stake in shares of Schwab Municipal Bond ETF by 742.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock worth $44,000 after purchasing an additional 1,521 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter valued at $69,000. Root Financial Partners LLC increased its holdings in Schwab Municipal Bond ETF by 184.2% in the 4th quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock worth $79,000 after buying an additional 1,989 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Schwab Municipal Bond ETF by 1,818.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock worth $84,000 after buying an additional 3,091 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA:SCMB opened at $24.92 on Tuesday. The business has a 50-day simple moving average of $25.40 and a two-hundred day simple moving average of $25.59. Schwab Municipal Bond ETF has a fifty-two week low of $24.88 and a fifty-two 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.