Corient Private Wealth LLC Makes New Investment in Schwab Municipal Bond ETF $SCMB

Corient Private Wealth LLC acquired a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,426 shares of the company’s stock, valued at approximately $665,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canal Capital Management LLC acquired a new stake in Schwab Municipal Bond ETF during the second quarter worth approximately $270,000. Orion Porfolio Solutions LLC acquired a new position in Schwab Municipal Bond ETF in the second quarter valued at approximately $269,000. Chapman Financial Group LLC bought a new position in shares of Schwab Municipal Bond ETF during the 2nd quarter worth approximately $146,000. Captrust Financial Advisors grew its position in shares of Schwab Municipal Bond ETF by 43.4% during the 2nd quarter. Captrust Financial Advisors now owns 55,477 shares of the company’s stock worth $1,397,000 after buying an additional 16,778 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Schwab Municipal Bond ETF by 97.7% during the 2nd quarter. MML Investors Services LLC now owns 78,195 shares of the company’s stock worth $1,969,000 after buying an additional 38,647 shares during the period.

Schwab Municipal Bond ETF Trading Down 0.0%

Schwab Municipal Bond ETF stock opened at $25.72 on Friday. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $25.97. The firm’s fifty day moving average is $25.79 and its 200 day moving average is $25.44.

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.