CGN Advisors LLC Boosts Stock Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

CGN Advisors LLC raised its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 174.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 306,135 shares of the company’s stock after buying an additional 194,584 shares during the quarter. CGN Advisors LLC owned about 4.98% of Schwab Municipal Bond ETF worth $7,862,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new position in shares of Schwab Municipal Bond ETF in the 3rd quarter worth about $26,000. Continuum Advisory LLC grew its holdings in shares of Schwab Municipal Bond ETF by 166.7% during the 3rd quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares during the last quarter. Avior Wealth Management LLC purchased a new position in shares of Schwab Municipal Bond ETF in the third quarter worth about $149,000. Element Wealth LLC increased its stake in Schwab Municipal Bond ETF by 64.1% in the 3rd quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock worth $193,000 after purchasing an additional 1,435 shares during the period. Finally, Blackston Financial Advisory Group LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the third quarter valued at approximately $201,000.

Schwab Municipal Bond ETF Stock Up 0.1 %

Shares of NYSEARCA SCMB opened at $25.55 on Friday. The firm’s fifty day moving average is $25.82 and its 200 day moving average is $25.93. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37.

Schwab Municipal Bond ETF Company 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.