Allworth Financial LP Makes New $29,000 Investment in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Allworth Financial LP purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,150 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 100.0% during the 4th quarter. HighTower Advisors LLC now owns 8,009 shares of the company’s stock valued at $206,000 after buying an additional 4,004 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 9,794 shares of the company’s stock valued at $253,000 after acquiring an additional 4,897 shares in the last quarter. BCO Wealth Management LLC bought a new position in Schwab Municipal Bond ETF during the fourth quarter valued at approximately $722,000. RWA Wealth Partners LLC lifted its stake in Schwab Municipal Bond ETF by 102.8% in the fourth quarter. RWA Wealth Partners LLC now owns 140,946 shares of the company’s stock valued at $3,619,000 after acquiring an additional 71,433 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Schwab Municipal Bond ETF by 300.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock worth $154,000 after acquiring an additional 4,500 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

Shares of SCMB opened at $24.82 on Friday. The company’s fifty day moving average is $25.03 and its 200-day moving average is $25.31. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $26.37.

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.