Advyzon Investment Management LLC Acquires New Holdings in Schwab Municipal Bond ETF $SCMB

Advyzon Investment Management LLC bought a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the third quarter, Holdings Channel.com reports. The institutional investor bought 20,040 shares of the company’s stock, valued at approximately $513,000.

Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Schwab Municipal Bond ETF by 4,409.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 52,643,707 shares of the company’s stock valued at $1,325,569,000 after purchasing an additional 51,476,356 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in Schwab Municipal Bond ETF by 1,901.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 1,547,955 shares of the company’s stock worth $39,643,000 after buying an additional 1,470,600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Schwab Municipal Bond ETF by 600.5% during the third quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after buying an additional 773,503 shares in the last quarter. Charles Schwab Trust Co lifted its position in shares of Schwab Municipal Bond ETF by 9.4% in the third quarter. Charles Schwab Trust Co now owns 802,133 shares of the company’s stock worth $20,543,000 after buying an additional 69,029 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Schwab Municipal Bond ETF by 3.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 780,936 shares of the company’s stock worth $20,000,000 after acquiring an additional 25,421 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA SCMB opened at $26.06 on Friday. The business’s 50-day simple moving average is $25.88 and its 200-day simple moving average is $25.69. Schwab Municipal Bond ETF has a 52 week low of $24.21 and a 52 week high of $26.08.

Schwab Municipal Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0721 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, February 2nd.

About Schwab Municipal Bond ETF

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.