Family Capital Management Inc. Acquires 13,311 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Family Capital Management Inc. increased its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 149.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,214 shares of the company’s stock after buying an additional 13,311 shares during the period. Family Capital Management Inc. owned 0.36% of Schwab Municipal Bond ETF worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Trust Co grew its stake in shares of Schwab Municipal Bond ETF by 196.8% in the fourth quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock worth $20,938,000 after acquiring an additional 540,599 shares during the last quarter. Pallas Capital Advisors LLC grew its position in Schwab Municipal Bond ETF by 220.0% during the 3rd quarter. Pallas Capital Advisors LLC now owns 481,159 shares of the company’s stock valued at $25,275,000 after purchasing an additional 330,798 shares during the last quarter. Wedmont Private Capital increased its stake in Schwab Municipal Bond ETF by 100.9% during the 4th quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock valued at $12,667,000 after purchasing an additional 249,379 shares in the last quarter. CGN Advisors LLC raised its holdings in Schwab Municipal Bond ETF by 174.4% in the fourth quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock worth $7,862,000 after buying an additional 194,584 shares during the last quarter. Finally, Northeast Financial Group Inc. purchased a new position in Schwab Municipal Bond ETF in the fourth quarter worth about $1,674,000.

Schwab Municipal Bond ETF Trading Up 0.4 %

NYSEARCA:SCMB opened at $25.69 on Friday. The company’s 50 day moving average price is $25.72 and its 200-day moving average price is $25.91. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37.

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.