Galvin Gaustad & Stein LLC Grows Stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Galvin Gaustad & Stein LLC lifted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 101.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,790 shares of the company’s stock after buying an additional 8,961 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Schwab Municipal Bond ETF were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter valued at about $26,000. Continuum Advisory LLC raised its holdings in Schwab Municipal Bond ETF by 166.7% during the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after acquiring an additional 500 shares during the period. Avior Wealth Management LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter valued at about $149,000. Element Wealth LLC raised its holdings in Schwab Municipal Bond ETF by 64.1% during the third quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock valued at $193,000 after acquiring an additional 1,435 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter valued at about $201,000.

Schwab Municipal Bond ETF Stock Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.60 on Thursday. The business has a 50-day moving average price of $25.81 and a 200-day moving average price of $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.