Schwab Municipal Bond ETF $SCMB Shares Newly Purchased by Liberty Capital Management Inc.

Liberty Capital Management Inc. acquired a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 3rd quarter, Holdings Channel reports. The fund acquired 108,450 shares of the company’s stock, valued at approximately $2,620,000.

Several other institutional investors also recently modified their holdings of SCMB. Bank of America Corp DE raised its stake in Schwab Municipal Bond ETF by 3,354.2% in the first quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock valued at $559,525,000 after purchasing an additional 21,323,660 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter valued at approximately $53,927,000. Vise Technologies Inc. purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter worth approximately $5,893,000. Quantinno Capital Management LP grew its stake in Schwab Municipal Bond ETF by 214.3% in the 1st quarter. Quantinno Capital Management LP now owns 300,660 shares of the company’s stock worth $7,661,000 after buying an additional 205,015 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in Schwab Municipal Bond ETF by 956.6% in the 2nd quarter. Citadel Advisors LLC now owns 221,635 shares of the company’s stock worth $5,723,000 after buying an additional 200,658 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA:SCMB opened at $25.00 on Friday. The company’s fifty day moving average price is $24.53 and its 200-day moving average price is $25.38. Schwab Municipal Bond ETF has a one year low of $23.81 and a one year high of $26.20.

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.