Gemmer Asset Management 13F: Exits SCMB Stake

Gemmer Asset Management sold out of its position in the Schwab Municipal Bond ETF (SCMB) in a filing on October 16, 2026. The firm cut 14,491 shares, bringing its total to zero shares after the sale. This exit represents a 100% decrease in its holding, showing a complete divestment from this investment.

Schwab Municipal Bond ETF Stock Holds Steady

The Schwab Municipal Bond ETF was recently traded around $24.45, which is below its 50-day moving average of $24.73 and its 200-day moving average of $25.46. The stock is currently 6.7% below its 52-week high of $26.20 and 2.7% above its 52-week low of $23.81. This indicates a challenging price performance in the recent past, which may have influenced Gemmer's decision to sell.

Recent Earnings

There were no earnings data available for Schwab Municipal Bond ETF at this time.

Analysts Set New Price Targets

No recent analyst ratings or price targets have been set for the Schwab Municipal Bond ETF, indicating a lack of fresh insights into market expectations for this fund.

About Schwab Municipal Bond ETF

The Schwab Municipal Bond ETF aims to track the performance of U.S. dollar-denominated investment-grade tax-exempt debt. This includes bonds issued by U.S. states, territories, and their political subdivisions. The ETF is structured to be an attractive choice for investors looking for tax-free income.

Bottom Line

With Gemmer Asset Management fully exiting its position, it will be interesting to see how the Schwab Municipal Bond ETF performs in the coming months. Investors should watch for any upcoming earnings reports and further institutional filings to get a clearer picture of market sentiment around this fund. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.