Schwab Municipal Bond ETF (NYSEARCA:SCMB) Stake Boosted by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc increased its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,196 shares of the company’s stock after purchasing an additional 1,193 shares during the period. Schwab Municipal Bond ETF accounts for 1.0% of O ROURKE & COMPANY Inc’s portfolio, making the stock its 27th largest position. O ROURKE & COMPANY Inc owned approximately 1.03% of Schwab Municipal Bond ETF worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV bought a new position in Schwab Municipal Bond ETF in the 1st quarter worth about $36,000. AdvisorNet Financial Inc bought a new position in Schwab Municipal Bond ETF in the 1st quarter worth approximately $88,000. Element Wealth LLC acquired a new stake in Schwab Municipal Bond ETF in the 1st quarter valued at approximately $117,000. UBS Group AG bought a new stake in Schwab Municipal Bond ETF during the 4th quarter valued at $128,000. Finally, IFP Advisors Inc acquired a new position in Schwab Municipal Bond ETF during the 4th quarter worth $176,000.

Schwab Municipal Bond ETF Price Performance

Shares of SCMB traded down $0.20 during trading hours on Monday, reaching $50.75. 31,300 shares of the company’s stock traded hands, compared to its average volume of 28,904. The business’s fifty day simple moving average is $51.40 and its two-hundred day simple moving average is $51.64. Schwab Municipal Bond ETF has a twelve month low of $48.96 and a twelve month high of $52.85.

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.