Rosenberg Matthew Hamilton Buys 146,328 Shares of Schwab Municipal Bond ETF $SCMB

Rosenberg Matthew Hamilton grew its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 1,328.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 157,341 shares of the company’s stock after buying an additional 146,328 shares during the quarter. Schwab Municipal Bond ETF accounts for approximately 0.7% of Rosenberg Matthew Hamilton’s portfolio, making the stock its 24th biggest position. Rosenberg Matthew Hamilton’s holdings in Schwab Municipal Bond ETF were worth $3,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCMB. Bank of America Corp DE grew its position in shares of Schwab Municipal Bond ETF by 3,354.2% during the first quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock worth $559,525,000 after buying an additional 21,323,660 shares in the last quarter. Charles Schwab Trust Co raised its holdings in Schwab Municipal Bond ETF by 11.1% in the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after acquiring an additional 105,691 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Schwab Municipal Bond ETF by 18.5% in the second quarter. Envestnet Asset Management Inc. now owns 860,999 shares of the company’s stock valued at $22,231,000 after acquiring an additional 134,613 shares in the last quarter. Fort Point Capital Partners LLC lifted its stake in Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock worth $19,775,000 after acquiring an additional 42,573 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Schwab Municipal Bond ETF by 214.3% in the first quarter. Quantinno Capital Management LP now owns 300,660 shares of the company’s stock worth $7,661,000 after acquiring an additional 205,015 shares during the last quarter.

Schwab Municipal Bond ETF Price Performance

NYSEARCA SCMB remained flat at $24.03 on Monday. 4,262,531 shares of the company’s stock traded hands, compared to its average volume of 1,830,386. Schwab Municipal Bond ETF has a 12 month low of $23.84 and a 12 month high of $26.20. The firm has a fifty day simple moving average of $24.93 and a 200-day simple moving average of $25.38.

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.