Donaldson Capital Management LLC Raises Stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Donaldson Capital Management LLC boosted its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 137.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,887 shares of the company’s stock after purchasing an additional 24,246 shares during the quarter. Donaldson Capital Management LLC’s holdings in Schwab Municipal Bond ETF were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC purchased a new position in shares of Schwab Municipal Bond ETF during the 3rd quarter valued at about $26,000. Continuum Advisory LLC grew 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 worth $42,000 after acquiring an additional 500 shares during the period. IFP Advisors Inc raised its position in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock valued at $84,000 after acquiring an additional 1,645 shares in the last quarter. Truist Financial Corp acquired a new position in Schwab Municipal Bond ETF in the fourth quarter valued at approximately $135,000. Finally, Avior Wealth Management LLC boosted its position in Schwab Municipal Bond ETF by 100.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,686 shares of the company’s stock worth $146,000 after purchasing an additional 2,843 shares in the last quarter.

Schwab Municipal Bond ETF Stock Down 0.3 %

NYSEARCA:SCMB opened at $25.59 on Wednesday. The company has a 50 day moving average price of $25.69 and a 200-day moving average price of $25.87. Schwab Municipal Bond ETF has a 1-year low of $25.37 and a 1-year high of $26.37.

About Schwab Municipal Bond ETF

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.