Jones Financial Companies Lllp Purchases 4,531,796 Shares of Schwab Municipal Bond ETF $SCMB

Jones Financial Companies Lllp boosted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 5,681.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,611,557 shares of the company’s stock after acquiring an additional 4,531,796 shares during the quarter. Jones Financial Companies Lllp owned 6.06% of Schwab Municipal Bond ETF worth $116,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SCMB. Jane Street Group LLC increased its stake in Schwab Municipal Bond ETF by 151.3% in the fourth quarter. Jane Street Group LLC now owns 95,272 shares of the company’s stock valued at $2,447,000 after acquiring an additional 57,356 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Schwab Municipal Bond ETF by 123.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,720 shares of the company’s stock valued at $660,000 after acquiring an additional 14,189 shares during the last quarter. Bank of America Corp DE increased its stake in Schwab Municipal Bond ETF by 195.6% in the fourth quarter. Bank of America Corp DE now owns 440,154 shares of the company’s stock valued at $11,303,000 after acquiring an additional 291,275 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Schwab Municipal Bond ETF by 79.7% during the fourth quarter. Captrust Financial Advisors now owns 37,537 shares of the company’s stock valued at $964,000 after buying an additional 16,649 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Schwab Municipal Bond ETF by 98.2% during the fourth quarter. Cetera Investment Advisers now owns 56,071 shares of the company’s stock valued at $1,440,000 after buying an additional 27,782 shares during the last quarter.

Schwab Municipal Bond ETF Stock Up 0.6%

Shares of NYSEARCA:SCMB opened at $25.31 on Friday. The stock’s 50-day moving average price is $25.05 and its 200-day moving average price is $25.16. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $26.37.

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.