Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,702 shares of the company’s stock after purchasing an additional 58,543 shares during the period. Pallas Capital Advisors LLC owned approximately 8.78% of Schwab Municipal Bond ETF worth $13,860,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SCMB. Continuum Advisory LLC increased its holdings in Schwab Municipal Bond ETF by 166.7% in the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after buying an additional 500 shares in the last quarter. Larson Financial Group LLC purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at approximately $26,000. Captrust Financial Advisors raised its holdings in Schwab Municipal Bond ETF by 3.5% during the third quarter. Captrust Financial Advisors now owns 20,888 shares of the company’s stock worth $1,097,000 after purchasing an additional 700 shares during the last quarter. Element Wealth LLC boosted its position in Schwab Municipal Bond ETF by 64.1% during the third quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock worth $193,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Schwab Municipal Bond ETF by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 31,507 shares of the company’s stock valued at $1,655,000 after purchasing an additional 1,670 shares during the last quarter.

Schwab Municipal Bond ETF Trading Down 0.2 %

Shares of SCMB stock traded down $0.05 during mid-day trading on Monday, reaching $25.46. The stock had a trading volume of 220,385 shares, compared to its average volume of 145,741. Schwab Municipal Bond ETF has a 12-month low of $25.42 and a 12-month high of $26.37. The business has a 50-day simple moving average of $25.84 and a 200 day simple moving average of $25.94.

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.