Sequoia Financial Advisors LLC Sells 3,671 Shares of Schwab Municipal Bond ETF $SCMB

Sequoia Financial Advisors LLC lessened its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 19.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,791 shares of the company’s stock after selling 3,671 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $372,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Myecfo LLC boosted its stake in shares of Schwab Municipal Bond ETF by 9.3% in the 2nd quarter. Myecfo LLC now owns 145,160 shares of the company’s stock valued at $3,659,000 after purchasing an additional 12,400 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Schwab Municipal Bond ETF by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 58,918 shares of the company’s stock valued at $1,495,000 after acquiring an additional 2,847 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Schwab Municipal Bond ETF in the 1st quarter valued at approximately $32,000. Janney Montgomery Scott LLC acquired a new stake in shares of Schwab Municipal Bond ETF in the 1st quarter valued at approximately $1,649,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Schwab Municipal Bond ETF by 75.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 221,109 shares of the company’s stock valued at $5,610,000 after acquiring an additional 95,209 shares during the period.

Schwab Municipal Bond ETF Trading Up 0.0%

Shares of NYSEARCA:SCMB opened at $25.89 on Wednesday. The firm’s 50 day simple moving average is $25.48 and its 200 day simple moving average is $25.17. Schwab Municipal Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $26.30.

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.