Kestra Investment Management LLC Buys New Position in Schwab Municipal Bond ETF $SCMB

Kestra Investment Management LLC bought a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,584 shares of the company’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rosenberg Matthew Hamilton raised its position in Schwab Municipal Bond ETF by 1,328.7% during the third quarter. Rosenberg Matthew Hamilton now owns 157,341 shares of the company’s stock worth $3,801,000 after acquiring an additional 146,328 shares during the period. Liberty Capital Management Inc. acquired a new position in shares of Schwab Municipal Bond ETF during the 3rd quarter worth about $2,620,000. Renaissance Technologies LLC acquired a new position in shares of Schwab Municipal Bond ETF during the 1st quarter worth about $1,014,000. Charles Schwab Trust Co raised its position in shares of Schwab Municipal Bond ETF by 11.1% during the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock worth $27,245,000 after purchasing an additional 105,691 shares during the last quarter. Finally, Acorn Wealth Advisors LLC purchased a new position in Schwab Municipal Bond ETF in the 2nd quarter valued at about $1,043,000.

Schwab Municipal Bond ETF Stock Up 0.3%

Shares of Schwab Municipal Bond ETF stock opened at $25.10 on Thursday. Schwab Municipal Bond ETF has a twelve month low of $23.81 and a twelve month high of $26.20. The firm’s 50-day moving average price is $24.53 and its 200 day moving average price is $25.36.

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.