Sequoia Financial Advisors LLC cut its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 19.9% during the second quarter, Holdings Channel.com reports. The firm owned 14,791 shares of the company’s stock after selling 3,671 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $372,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC raised its holdings in shares of Schwab Municipal Bond ETF by 394.9% in the first quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after purchasing an additional 774 shares during the last quarter. Allworth Financial LP acquired a new position in Schwab Municipal Bond ETF during the first quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in Schwab Municipal Bond ETF during the first quarter worth $32,000. Harbour Investments Inc. increased its holdings in Schwab Municipal Bond ETF by 811.1% during the first quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock worth $116,000 after buying an additional 4,088 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Schwab Municipal Bond ETF during the second quarter worth $139,000.
Schwab Municipal Bond ETF Stock Performance
Shares of SCMB opened at $25.89 on Wednesday. Schwab Municipal Bond ETF has a 1-year low of $24.21 and a 1-year high of $26.30. The company’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $25.17.
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.
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Want to see what other hedge funds are holding SCMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report).
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