Myecfo LLC Grows Stock Holdings in Schwab Municipal Bond ETF $SCMB

Myecfo LLC grew its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 15.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 172,440 shares of the company’s stock after acquiring an additional 22,740 shares during the quarter. Schwab Municipal Bond ETF comprises 1.9% of Myecfo LLC’s investment portfolio, making the stock its 12th largest holding. Myecfo LLC’s holdings in Schwab Municipal Bond ETF were worth $4,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Avidian Wealth Enterprises LLC raised its stake in shares of Schwab Municipal Bond ETF by 1,901.1% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,547,955 shares of the company’s stock worth $39,643,000 after acquiring an additional 1,470,600 shares in the last quarter. Charles Schwab Trust Co lifted its position in Schwab Municipal Bond ETF by 14.2% during the fourth quarter. Charles Schwab Trust Co now owns 916,075 shares of the company’s stock valued at $23,598,000 after acquiring an additional 113,942 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Schwab Municipal Bond ETF by 600.5% in the third quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after acquiring an additional 773,503 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Schwab Municipal Bond ETF by 3.4% in the third quarter. Pallas Capital Advisors LLC now owns 780,936 shares of the company’s stock valued at $20,000,000 after acquiring an additional 25,421 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Schwab Municipal Bond ETF by 32.8% in the third quarter. Bank of America Corp DE now owns 602,985 shares of the company’s stock worth $15,442,000 after purchasing an additional 148,996 shares during the last quarter.

Schwab Municipal Bond ETF Stock Up 0.2%

Shares of SCMB stock opened at $25.40 on Thursday. The business’s fifty day simple moving average is $25.89 and its 200-day simple moving average is $25.80. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $26.20.

Schwab Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.0784 per share. This is a positive change from Schwab Municipal Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%.

Schwab Municipal Bond ETF Company 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.