Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Strong Trading Volume – Should You Buy?

Schwab Municipal Bond ETF (NYSEARCA:SCMB) shares saw unusually-strong trading volume on Wednesday . 10,300,433 shares were traded during mid-day trading, an increase of 573% from the previous session’s volume of 1,531,583 shares.The stock last traded at $24.5350 and had previously closed at $24.54.

Schwab Municipal Bond ETF Stock Down 0.1%

The stock’s fifty day simple moving average is $25.26 and its two-hundred day simple moving average is $25.53.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

Several large investors have recently modified their holdings of SCMB. Breakwater Capital Group increased its holdings in shares of Schwab Municipal Bond ETF by 4.4% during the 1st quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after acquiring an additional 413 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Schwab Municipal Bond ETF by 2.0% during the first quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock valued at $813,000 after purchasing an additional 611 shares during the period. Golden Bell Financial Planning LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 4.7% in the first quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock valued at $458,000 after buying an additional 806 shares during the period. Continuum Advisory LLC grew its position in shares of Schwab Municipal Bond ETF by 6.0% in the 2nd quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after acquiring an additional 903 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of Schwab Municipal Bond ETF by 8.6% during the fourth quarter. Harbour Investments Inc. now owns 11,873 shares of the company’s stock worth $306,000 after acquiring an additional 944 shares during the period.

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.