Schwab Municipal Bond ETF Stock Set to Split on Friday, October 11th (NYSEARCA:SCMB)

Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) are going to split on the morning of Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 10th.

Schwab Municipal Bond ETF Stock Down 0.0 %

Schwab Municipal Bond ETF stock opened at $52.11 on Wednesday. Schwab Municipal Bond ETF has a 52 week low of $48.56 and a 52 week high of $52.74. The stock has a 50-day moving average price of $52.21 and a 200 day moving average price of $51.77.

Institutional Investors Weigh In On Schwab Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SCMB. VitalStone Financial LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 74.0% during the fourth quarter. VitalStone Financial LLC now owns 1,176 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares during the period. Beaird Harris Wealth Management LLC purchased a new position in Schwab Municipal Bond ETF during the fourth quarter valued at approximately $6,318,000. SageView Advisory Group LLC purchased a new position in Schwab Municipal Bond ETF during the fourth quarter valued at approximately $1,794,000. B. Riley Wealth Advisors Inc. raised its position in Schwab Municipal Bond ETF by 78.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 8,175 shares of the company’s stock valued at $430,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Wedmont Private Capital raised its position in Schwab Municipal Bond ETF by 0.3% during the first quarter. Wedmont Private Capital now owns 247,221 shares of the company’s stock valued at $12,759,000 after acquiring an additional 639 shares in the last quarter.

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.