IFP Advisors Inc Raises Stake in Schwab Municipal Bond ETF $SCMB

IFP Advisors Inc boosted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 240.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,603 shares of the company’s stock after buying an additional 30,798 shares during the period. IFP Advisors Inc’s holdings in Schwab Municipal Bond ETF were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC boosted its position in Schwab Municipal Bond ETF by 3.2% in the fourth quarter. Clear Creek Financial Management LLC now owns 20,764 shares of the company’s stock valued at $535,000 after buying an additional 649 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the 4th quarter worth approximately $26,000. Breakwater Capital Group boosted its position in Schwab Municipal Bond ETF by 13.6% in the 3rd quarter. Breakwater Capital Group now owns 9,307 shares of the company’s stock worth $238,000 after purchasing an additional 1,113 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Schwab Municipal Bond ETF by 11.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 11,939 shares of the company’s stock worth $306,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its position in Schwab Municipal Bond ETF by 2.5% in the 4th quarter. Meridian Wealth Management LLC now owns 53,168 shares of the company’s stock worth $1,370,000 after purchasing an additional 1,303 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

Schwab Municipal Bond ETF stock opened at $25.44 on Friday. Schwab Municipal Bond ETF has a 12 month low of $24.81 and a 12 month high of $26.20. The stock’s 50 day simple moving average is $25.59 and its two-hundred day simple moving average is $25.77.

Schwab Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.0784 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, March 2nd.

Schwab Municipal Bond ETF 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.