Schwab Municipal Bond ETF Price & Performance (SCMB)

BlackRock has introduced the iShares Long-Term National Muni Bond ETF (LMUB), increasing its municipal bond ETF lineup to 16. This ETF focuses on investment-grade U.S. municipal bonds with maturities over 12 years and offers a low expense ratio of 0.09%. It caters to growing advisor interest in muni bonds for fixed income strategies.12

The Schwab Municipal Bond ETF (SCMB) has shown resilience with a dividend yield of 3.66% and a low expense ratio of 0.03%. Despite a one-year return of -2.11%, its diversified holdings and stability make it a notable choice for income-focused investors. SCMB's performance underscores its appeal in a volatile market.345

Schwab and Fidelity have stopped trading BlackRock's money-market ETFs, citing operational complexities. This move highlights an ongoing competitive dynamic in the ETF space, as Schwab prepares to launch its own money-market ETF to challenge BlackRock's dominance in the growing cash segment.67