Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc increased its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,290 shares of the company’s stock after purchasing an additional 1,645 shares during the period. IFP Advisors Inc owned 0.05% of Schwab Municipal Bond ETF worth $84,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Charles Schwab Trust Co raised its position in shares of Schwab Municipal Bond ETF by 196.8% during the 4th quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock worth $20,938,000 after purchasing an additional 540,599 shares during the last quarter. Pallas Capital Advisors LLC raised its position in shares of Schwab Municipal Bond ETF by 12.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 539,702 shares of the company’s stock worth $13,860,000 after purchasing an additional 58,543 shares during the last quarter. Wedmont Private Capital raised its position in shares of Schwab Municipal Bond ETF by 100.9% during the 4th quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock worth $12,667,000 after purchasing an additional 249,379 shares during the last quarter. CGN Advisors LLC grew its stake in Schwab Municipal Bond ETF by 174.4% in the 4th quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock worth $7,862,000 after acquiring an additional 194,584 shares during the period. Finally, Myecfo LLC grew its stake in Schwab Municipal Bond ETF by 101.2% in the 4th quarter. Myecfo LLC now owns 125,288 shares of the company’s stock worth $3,230,000 after acquiring an additional 63,009 shares during the period.

Schwab Municipal Bond ETF Stock Down 0.1 %

SCMB stock opened at $25.71 on Thursday. Schwab Municipal Bond ETF has a one year low of $25.37 and a one year high of $26.37. The company has a 50 day moving average price of $25.70 and a two-hundred day moving average price of $25.89.

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.