Sequoia Financial Advisors LLC Reduces Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Sequoia Financial Advisors LLC cut its position in Schwab Municipal Bond ETF (NYSEARCA:SCMBFree Report) by 55.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,711 shares of the company’s stock after selling 10,645 shares during the quarter. Sequoia Financial Advisors LLC owned 0.14% of Schwab Municipal Bond ETF worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCMB. RWA Wealth Partners LLC increased its holdings in Schwab Municipal Bond ETF by 4.9% during the 1st quarter. RWA Wealth Partners LLC now owns 68,258 shares of the company’s stock worth $3,553,000 after purchasing an additional 3,161 shares during the last quarter. O ROURKE & COMPANY Inc increased its stake in shares of Schwab Municipal Bond ETF by 3.8% in the first quarter. O ROURKE & COMPANY Inc now owns 44,568 shares of the company’s stock worth $2,320,000 after buying an additional 1,619 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Schwab Municipal Bond ETF by 390.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,190 shares of the company’s stock valued at $1,103,000 after acquiring an additional 16,870 shares in the last quarter. Charles Schwab Trust Co raised its holdings in Schwab Municipal Bond ETF by 122.2% in the first quarter. Charles Schwab Trust Co now owns 277,203 shares of the company’s stock valued at $14,428,000 after acquiring an additional 152,424 shares in the last quarter. Finally, CGN Advisors LLC bought a new position in Schwab Municipal Bond ETF during the 1st quarter valued at $4,457,000.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $51.64 on Tuesday. The company has a 50-day moving average of $51.47 and a 200-day moving average of $51.86. Schwab Municipal Bond ETF has a 1-year low of $48.56 and a 1-year high of $52.70.

Schwab Municipal Bond ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for Schwab Municipal Bond ETF (NYSEARCA:SCMB)

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