Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 187.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,900 shares of the company’s stock after purchasing an additional 82,150 shares during the quarter. Envestnet Asset Management Inc. owned about 2.05% of Schwab Municipal Bond ETF worth $3,233,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Charles Schwab Trust Co grew its stake in Schwab Municipal Bond ETF by 196.8% during the 4th quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock worth $20,938,000 after buying an additional 540,599 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Schwab Municipal Bond ETF by 82.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,822 shares of the company’s stock worth $29,913,000 after acquiring an additional 525,255 shares in the last quarter. Wedmont Private Capital boosted its holdings in Schwab Municipal Bond ETF by 100.9% in the fourth quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock worth $12,667,000 after acquiring an additional 249,379 shares in the last quarter. CGN Advisors LLC grew its stake in shares of Schwab Municipal Bond ETF by 174.4% during the fourth quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock worth $7,862,000 after acquiring an additional 194,584 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in shares of Schwab Municipal Bond ETF during the fourth quarter valued at about $2,048,000.

Schwab Municipal Bond ETF Trading Up 0.4 %

SCMB stock opened at $25.10 on Friday. Schwab Municipal Bond ETF has a 52 week low of $24.21 and a 52 week high of $26.37. The firm has a 50 day moving average of $25.38 and a 200 day moving average of $25.66.

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.