Schwab Municipal Bond ETF $SCMB Shares Purchased by Breakwater Investment Management

Breakwater Investment Management grew its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 310.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,006 shares of the company’s stock after purchasing an additional 30,266 shares during the quarter. Breakwater Investment Management’s holdings in Schwab Municipal Bond ETF were worth $1,025,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Schwab Municipal Bond ETF in the first quarter valued at about $32,000. Raymond James Financial Inc. purchased a new stake in Schwab Municipal Bond ETF during the 2nd quarter valued at about $110,000. Ameritas Advisory Services LLC purchased a new stake in Schwab Municipal Bond ETF during the 2nd quarter valued at about $139,000. Chapman Financial Group LLC acquired a new stake in Schwab Municipal Bond ETF in the 2nd quarter valued at about $146,000. Finally, Breakwater Capital Group purchased a new position in Schwab Municipal Bond ETF in the 2nd quarter worth approximately $206,000.

Schwab Municipal Bond ETF Stock Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.71 on Tuesday. The stock’s 50 day simple moving average is $25.79 and its 200-day simple moving average is $25.39. Schwab Municipal Bond ETF has a 1-year low of $24.21 and a 1-year high of $25.99.

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.