Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 78.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,175 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.27% of Schwab Municipal Bond ETF worth $430,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital grew its holdings in shares of Schwab Municipal Bond ETF by 119.0% during the fourth quarter. Wedmont Private Capital now owns 246,582 shares of the company’s stock valued at $12,965,000 after purchasing an additional 133,963 shares during the last quarter. Charles Schwab Trust Co increased its position in Schwab Municipal Bond ETF by 42.0% in the fourth quarter. Charles Schwab Trust Co now owns 124,779 shares of the company’s stock worth $6,565,000 after buying an additional 36,919 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Schwab Municipal Bond ETF by 118.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,747 shares of the company’s stock valued at $302,000 after buying an additional 3,117 shares during the last quarter. Galvin Gaustad & Stein LLC bought a new stake in Schwab Municipal Bond ETF in the fourth quarter valued at $354,000. Finally, Carl Stuart Investment Advisor Inc. acquired a new position in shares of Schwab Municipal Bond ETF during the fourth quarter valued at $2,085,000.

Schwab Municipal Bond ETF Stock Up 0.2 %

SCMB stock opened at $51.69 on Tuesday. Schwab Municipal Bond ETF has a fifty-two week low of $48.56 and a fifty-two week high of $52.70. The firm’s 50-day simple moving average is $51.43 and its 200 day simple moving average is $51.91.

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.