Gemmer Asset Management LLC Takes $262,000 Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Gemmer Asset Management LLC bought a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 1st quarter, HoldingsChannel reports. The fund bought 10,340 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Schwab Municipal Bond ETF by 100.8% during the fourth quarter. Larson Financial Group LLC now owns 1,006 shares of the company’s stock worth $26,000 after purchasing an additional 505 shares during the period. Capital Analysts LLC raised its position in shares of Schwab Municipal Bond ETF by 228.4% in the 4th quarter. Capital Analysts LLC now owns 2,791 shares of the company’s stock valued at $72,000 after buying an additional 1,941 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Schwab Municipal Bond ETF by 100.0% during the 4th quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after acquiring an additional 1,645 shares during the period. Truist Financial Corp bought a new stake in shares of Schwab Municipal Bond ETF during the 4th quarter worth approximately $135,000. Finally, WealthShield Partners LLC boosted its position in shares of Schwab Municipal Bond ETF by 100.0% during the 4th quarter. WealthShield Partners LLC now owns 5,724 shares of the company’s stock worth $147,000 after acquiring an additional 2,862 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA:SCMB opened at $24.89 on Friday. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.37. The company’s 50 day simple moving average is $25.03 and its 200 day simple moving average is $25.48.

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.