Schwab Municipal Bond ETF Stock Set to Split on Friday, October 11th (NYSEARCA:SCMB)

by · The Cerbat Gem

Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) shares are set to split before the market opens on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 10th.

Schwab Municipal Bond ETF Trading Down 0.0 %

Shares of SCMB opened at $52.11 on Wednesday. Schwab Municipal Bond ETF has a one year low of $48.56 and a one year high of $52.74. The stock has a 50 day moving average price of $52.21 and a 200 day moving average price of $51.77.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCMB. VitalStone Financial LLC boosted its stake in Schwab Municipal Bond ETF by 74.0% during the fourth quarter. VitalStone Financial LLC now owns 1,176 shares of the company’s stock worth $62,000 after buying an additional 500 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new position in Schwab Municipal Bond ETF during the fourth quarter worth $6,318,000. SageView Advisory Group LLC acquired a new position in Schwab Municipal Bond ETF during the fourth quarter worth $1,794,000. B. Riley Wealth Advisors Inc. boosted its stake in Schwab Municipal Bond ETF by 78.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 8,175 shares of the company’s stock worth $430,000 after buying an additional 3,600 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in Schwab Municipal Bond ETF by 0.3% during the first quarter. Wedmont Private Capital now owns 247,221 shares of the company’s stock worth $12,759,000 after buying an additional 639 shares during the last quarter.

Schwab Municipal Bond ETF Company Profile

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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.

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