NewEdge Wealth LLC acquired a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) during the first quarter, Holdings Channel reports. The institutional investor acquired 57,941 shares of the company’s stock, valued at approximately $1,476,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Advisors Asset Management LLC lifted its stake in Schwab Municipal Bond ETF by 9.7% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 141,725 shares of the company’s stock valued at $3,611,000 after acquiring an additional 12,485 shares during the last quarter. Golden Bell Financial Planning LLC increased its stake in shares of Schwab Municipal Bond ETF by 4.7% during the 1st quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock worth $458,000 after purchasing an additional 806 shares during the last quarter. CAP Partners LLC increased its stake in shares of Schwab Municipal Bond ETF by 16.3% during the 1st quarter. CAP Partners LLC now owns 22,767 shares of the company’s stock worth $580,000 after purchasing an additional 3,186 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of Schwab Municipal Bond ETF during the 1st quarter valued at $4,552,000. Finally, TSA Wealth Managment LLC raised its holdings in shares of Schwab Municipal Bond ETF by 11.4% during the 1st quarter. TSA Wealth Managment LLC now owns 65,287 shares of the company’s stock valued at $1,664,000 after purchasing an additional 6,687 shares in the last quarter.
Schwab Municipal Bond ETF Price Performance
SCMB stock opened at $25.27 on Monday. Schwab Municipal Bond ETF has a 1 year low of $24.91 and a 1 year high of $26.20. The company has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $25.73.
Schwab Municipal Bond ETF Profile
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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