Myecfo LLC Boosts Stock Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Myecfo LLC lifted its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 101.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,288 shares of the company’s stock after acquiring an additional 63,009 shares during the quarter. Schwab Municipal Bond ETF accounts for about 1.7% of Myecfo LLC’s holdings, making the stock its 12th largest position. Myecfo LLC owned about 2.04% of Schwab Municipal Bond ETF worth $3,230,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SCMB. Pallas Capital Advisors LLC boosted its position in Schwab Municipal Bond ETF by 220.0% during the third quarter. Pallas Capital Advisors LLC now owns 481,159 shares of the company’s stock worth $25,275,000 after purchasing an additional 330,798 shares during the period. Wedmont Private Capital boosted its holdings in shares of Schwab Municipal Bond ETF by 100.9% in the fourth quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock worth $12,667,000 after acquiring an additional 249,379 shares during the period. Susquehanna International Group LLP grew its position in shares of Schwab Municipal Bond ETF by 578.0% in the second quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock valued at $9,574,000 after purchasing an additional 158,786 shares in the last quarter. Creative Planning bought a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter valued at $1,002,000. Finally, JPMorgan Chase & Co. lifted its holdings in Schwab Municipal Bond ETF by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,155 shares of the company’s stock worth $3,055,000 after purchasing an additional 18,014 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

Shares of NYSEARCA SCMB opened at $25.46 on Tuesday. Schwab Municipal Bond ETF has a 52 week low of $25.42 and a 52 week high of $26.37. The business has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $25.94.

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.