Schwab Municipal Bond ETF (NYSEARCA:SCMB) Hits New 12-Month Low – Here’s Why

Schwab Municipal Bond ETF (NYSEARCA:SCMB) reached a new 52-week low during trading on Tuesday . The company traded as low as $24.99 and last traded at $25.02, with a volume of 79040 shares. The stock had previously closed at $25.13.

Schwab Municipal Bond ETF Trading Down 0.8%

The company’s 50-day moving average is $25.48 and its two-hundred day moving average is $25.62.

Institutional Investors Weigh In On Schwab Municipal Bond ETF

Several large investors have recently modified their holdings of SCMB. Corient Private Wealth LP lifted its stake in Schwab Municipal Bond ETF by 34.3% in the second quarter. Corient Private Wealth LP now owns 16,875 shares of the company’s stock valued at $436,000 after purchasing an additional 4,310 shares during the last quarter. Asset Allocation Strategies LLC raised its stake in shares of Schwab Municipal Bond ETF by 31.0% in the second quarter. Asset Allocation Strategies LLC now owns 33,610 shares of the company’s stock valued at $868,000 after buying an additional 7,955 shares during the period. Compass Financial Management LLC bought a new stake in shares of Schwab Municipal Bond ETF in the second quarter valued at $390,000. Greenspring Advisors LLC purchased a new position in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at $251,000. Finally, Continuum Advisory LLC lifted its position in shares of Schwab Municipal Bond ETF by 6.0% during the 2nd quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after buying an additional 903 shares during the last quarter.

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.