Schwab Municipal Bond ETF $SCMB Shares Acquired by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC increased its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 1,901.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,547,955 shares of the company’s stock after buying an additional 1,470,600 shares during the period. Schwab Municipal Bond ETF comprises about 1.5% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 16th biggest position. Avidian Wealth Enterprises LLC owned 1.61% of Schwab Municipal Bond ETF worth $39,643,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SCMB. Goldman Sachs Group Inc. purchased a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter worth $1,248,000. Jane Street Group LLC lifted its holdings in Schwab Municipal Bond ETF by 125.0% during the 1st quarter. Jane Street Group LLC now owns 214,377 shares of the company’s stock worth $5,439,000 after buying an additional 119,105 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Schwab Municipal Bond ETF by 136.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 134,584 shares of the company’s stock worth $3,377,000 after acquiring an additional 77,574 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Schwab Municipal Bond ETF by 8.9% in the 2nd quarter. Perigon Wealth Management LLC now owns 179,898 shares of the company’s stock valued at $4,530,000 after acquiring an additional 14,740 shares during the last quarter. Finally, Vestia Personal Wealth Advisors acquired a new stake in shares of Schwab Municipal Bond ETF during the 2nd quarter worth about $472,000.

Schwab Municipal Bond ETF Stock Down 0.4%

Shares of SCMB opened at $25.90 on Wednesday. Schwab Municipal Bond ETF has a 52-week low of $24.21 and a 52-week high of $26.00. The stock has a 50 day moving average price of $25.80 and a 200 day moving average price of $25.54.

Schwab Municipal Bond ETF Company 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.