VCI Wealth Management LLC boosted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 96.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,684 shares of the company’s stock after buying an additional 8,698 shares during the period. VCI Wealth Management LLC’s holdings in Schwab Municipal Bond ETF were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCMB. Larson Financial Group LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $26,000. Continuum Advisory LLC boosted its position 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 worth $42,000 after purchasing an additional 500 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $149,000. Element Wealth LLC boosted its position in shares of Schwab Municipal Bond ETF by 64.1% during 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 in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $201,000.
Schwab Municipal Bond ETF Stock Performance
Shares of NYSEARCA SCMB opened at $25.68 on Tuesday. Schwab Municipal Bond ETF has a one year low of $25.37 and a one year high of $26.37. The company’s fifty day moving average is $25.79 and its two-hundred day moving average is $25.92.
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.
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