B. Riley Wealth Advisors Inc. Buys 2,875 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

B. Riley Wealth Advisors Inc. boosted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 24.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,800 shares of the company’s stock after purchasing an additional 2,875 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.24% of Schwab Municipal Bond ETF worth $777,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its position in shares of Schwab Municipal Bond ETF by 220.0% in the 3rd quarter. Pallas Capital Advisors LLC now owns 481,159 shares of the company’s stock worth $25,275,000 after purchasing an additional 330,798 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in Schwab Municipal Bond ETF by 578.0% in the second quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock worth $9,574,000 after acquiring an additional 158,786 shares in the last quarter. Creative Planning purchased a new stake in shares of Schwab Municipal Bond ETF during the third quarter worth about $1,002,000. Meridian Wealth Management LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the third quarter worth about $419,000. Finally, TSA Wealth Managment LLC raised its position in shares of Schwab Municipal Bond ETF by 106.7% in the 3rd quarter. TSA Wealth Managment LLC now owns 14,269 shares of the company’s stock valued at $750,000 after purchasing an additional 7,366 shares during the last quarter.

Schwab Municipal Bond ETF Trading Down 0.3 %

SCMB stock opened at $25.72 on Friday. Schwab Municipal Bond ETF has a 52 week low of $25.46 and a 52 week high of $26.37. The firm has a 50 day moving average of $25.85 and a 200 day moving average of $25.94.

About Schwab Municipal Bond ETF

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.