Ackerman Capital Advisors LLC Invests $1.75 Million in Schwab Municipal Bond ETF $SCMB

Ackerman Capital Advisors LLC purchased a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 69,482 shares of the company’s stock, valued at approximately $1,750,000.

Several other institutional investors and hedge funds also recently modified their holdings of SCMB. Jones Financial Companies Lllp boosted its stake in Schwab Municipal Bond ETF by 5,681.7% during the first quarter. Jones Financial Companies Lllp now owns 4,611,557 shares of the company’s stock valued at $116,995,000 after buying an additional 4,531,796 shares in the last quarter. Rochester Wealth Strategies LLC bought a new position in Schwab Municipal Bond ETF during the first quarter valued at about $6,274,000. Charles Schwab Trust Co boosted its stake in Schwab Municipal Bond ETF by 38.7% during the second quarter. Charles Schwab Trust Co now owns 733,104 shares of the company’s stock valued at $18,460,000 after buying an additional 204,665 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Schwab Municipal Bond ETF during the first quarter valued at about $4,190,000. Finally, Jane Street Group LLC boosted its stake in Schwab Municipal Bond ETF by 125.0% during the first quarter. Jane Street Group LLC now owns 214,377 shares of the company’s stock valued at $5,439,000 after buying an additional 119,105 shares in the last quarter.

Schwab Municipal Bond ETF Trading Up 0.2%

NYSEARCA:SCMB opened at $25.70 on Friday. Schwab Municipal Bond ETF has a 1-year low of $24.21 and a 1-year high of $26.30. The stock has a fifty day simple moving average of $25.37 and a 200 day simple moving average of $25.15.

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.