HighTower Advisors LLC Invests $210,000 in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

HighTower Advisors LLC purchased a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,005 shares of the company’s stock, valued at approximately $210,000. HighTower Advisors LLC owned approximately 0.07% of Schwab Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SCMB. Envestnet Asset Management Inc. boosted its position in Schwab Municipal Bond ETF by 18.6% during the second quarter. Envestnet Asset Management Inc. now owns 38,840 shares of the company’s stock valued at $1,996,000 after purchasing an additional 6,082 shares during the last quarter. Susquehanna International Group LLP lifted its stake in shares of Schwab Municipal Bond ETF by 578.0% in the 2nd quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock valued at $9,574,000 after purchasing an additional 158,786 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Schwab Municipal Bond ETF by 160.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,925 shares of the company’s stock worth $613,000 after acquiring an additional 7,350 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at $201,000. Finally, Myecfo LLC boosted its holdings in Schwab Municipal Bond ETF by 6.4% during the third quarter. Myecfo LLC now owns 62,279 shares of the company’s stock valued at $3,277,000 after acquiring an additional 3,759 shares during the period.

Schwab Municipal Bond ETF Stock Up 0.0 %

NYSEARCA SCMB opened at $25.61 on Thursday. The company has a 50 day moving average of $25.89 and a 200-day moving average of $25.95. Schwab Municipal Bond ETF has a 1-year low of $25.46 and a 1-year 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.