Charles Schwab wants to offer a Money Market ETF, has filed application with the SEC

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Schwab chases BlackRock out of the gate with money market ETF to stake out fast-growing cash segment and shore up its dominance in money market funds | RIABiz

Why it’s important… for people like me who like the ability to trade ETFs during the day, this could be important.

It could be out by May 28… and Schwab likes to price their fixed income ETFs around $25 a share so this would be good, considering Schwab won’t let you buy fractions of a share. Competing products are $100 per share.

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Finally!! Having to use their mutual fund options like SWVXX can create margin problems since trades don’t settle until after hours…

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I have the symbol! It’s SGVT

Schwab Files for New Government Money Market ETF | etf.com