Royal Bank of Canada Sells 105,239 Shares of Schwab Municipal Bond ETF $SCMB

Royal Bank of Canada reduced its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 67.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,418 shares of the company’s stock after selling 105,239 shares during the quarter. Royal Bank of Canada’s holdings in Schwab Municipal Bond ETF were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in Schwab Municipal Bond ETF in the fourth quarter worth about $26,000. McIlrath & Eck LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 4th quarter valued at about $34,000. JDM Financial Group LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 4th quarter valued at about $38,000. Aptus Capital Advisors LLC grew its position in shares of Schwab Municipal Bond ETF by 742.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock worth $44,000 after buying an additional 1,521 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Schwab Municipal Bond ETF in the 4th quarter worth approximately $69,000.

Schwab Municipal Bond ETF Trading Down 0.1%

NYSEARCA SCMB opened at $25.31 on Friday. Schwab Municipal Bond ETF has a 52 week low of $25.02 and a 52 week high of $26.20. The company has a 50 day moving average price of $25.55 and a 200 day moving average price of $25.66.

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.