Galvin Gaustad & Stein LLC Acquires 8,961 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Galvin Gaustad & Stein LLC raised its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 101.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,790 shares of the company’s stock after buying an additional 8,961 shares during the quarter. Galvin Gaustad & Stein LLC owned about 0.29% of Schwab Municipal Bond ETF worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SCMB. Charles Schwab Trust Co grew its position in Schwab Municipal Bond ETF by 196.8% during the fourth quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock worth $20,938,000 after buying an additional 540,599 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF by 220.0% in the 3rd quarter. Pallas Capital Advisors LLC now owns 481,159 shares of the company’s stock valued at $25,275,000 after acquiring an additional 330,798 shares during the last quarter. Wedmont Private Capital raised its position in Schwab Municipal Bond ETF by 100.9% during the 4th quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock valued at $12,667,000 after purchasing an additional 249,379 shares during the last quarter. CGN Advisors LLC raised its position in Schwab Municipal Bond ETF by 174.4% during the 4th quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock valued at $7,862,000 after purchasing an additional 194,584 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Schwab Municipal Bond ETF by 578.0% in the 2nd quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock worth $9,574,000 after acquiring an additional 158,786 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

Schwab Municipal Bond ETF stock opened at $25.60 on Thursday. The stock’s 50 day moving average is $25.81 and its 200 day moving average is $25.93. Schwab Municipal Bond ETF has a twelve month low of $25.37 and a twelve month high of $26.37.

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.