Stolz & Associates PS Acquires New Shares in Schwab Municipal Bond ETF $SCMB

Stolz & Associates PS acquired a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 35,065 shares of the company’s stock, valued at approximately $903,000. Schwab Municipal Bond ETF makes up about 0.7% of Stolz & Associates PS’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCMB. Avidian Wealth Enterprises LLC boosted its stake in shares of Schwab Municipal Bond ETF by 1,901.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 1,547,955 shares of the company’s stock valued at $39,643,000 after purchasing an additional 1,470,600 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Schwab Municipal Bond ETF by 600.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock worth $23,108,000 after acquiring an additional 773,503 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Schwab Municipal Bond ETF by 245.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 489,805 shares of the company’s stock worth $12,652,000 after acquiring an additional 348,114 shares in the last quarter. Jane Street Group LLC raised its position in shares of Schwab Municipal Bond ETF by 143.5% in the 2nd quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock worth $13,145,000 after acquiring an additional 307,645 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Schwab Municipal Bond ETF by 32.8% in the 3rd quarter. Bank of America Corp DE now owns 602,985 shares of the company’s stock worth $15,442,000 after acquiring an additional 148,996 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $25.45 on Tuesday. Schwab Municipal Bond ETF has a 12 month low of $24.81 and a 12 month high of $26.20. The stock has a fifty day moving average price of $25.63 and a 200-day moving average price of $25.78.

Schwab Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0784 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07.

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.