Quantinno Capital Management LP Raises Holdings in Schwab Municipal Bond ETF $SCMB

Quantinno Capital Management LP grew its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 214.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,660 shares of the company’s stock after purchasing an additional 205,015 shares during the period. Quantinno Capital Management LP owned about 0.21% of Schwab Municipal Bond ETF worth $7,661,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SCMB. Waverly Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 606.5% during the first quarter. Waverly Advisors LLC now owns 144,146 shares of the company’s stock valued at $3,673,000 after purchasing an additional 123,744 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Schwab Municipal Bond ETF in the 1st quarter worth about $1,014,000. RMG Wealth Management LLC purchased a new position in Schwab Municipal Bond ETF in the 1st quarter worth about $237,000. Cetera Investment Advisers raised its position in Schwab Municipal Bond ETF by 16.6% in the 1st quarter. Cetera Investment Advisers now owns 67,599 shares of the company’s stock worth $1,722,000 after buying an additional 9,627 shares during the last quarter. Finally, NewEdge Wealth LLC bought a new position in Schwab Municipal Bond ETF during the 1st quarter valued at about $1,476,000.

Schwab Municipal Bond ETF Stock Up 0.0%

Shares of NYSEARCA SCMB opened at $25.34 on Thursday. The firm’s 50-day moving average price is $25.62 and its 200-day moving average price is $25.70. Schwab Municipal Bond ETF has a 52-week low of $24.98 and a 52-week high of $26.20.

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.