Savvy Advisors Inc. Has $880,000 Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Savvy Advisors Inc. boosted its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,268 shares of the company’s stock after purchasing an additional 17,134 shares during the period. Savvy Advisors Inc.’s holdings in Schwab Municipal Bond ETF were worth $880,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SCMB. Charles Schwab Trust Co grew its position in shares of Schwab Municipal Bond ETF by 196.8% in the 4th quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock valued at $20,938,000 after buying an additional 540,599 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Schwab Municipal Bond ETF by 82.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,822 shares of the company’s stock valued at $29,913,000 after acquiring an additional 525,255 shares during the last quarter. Wedmont Private Capital increased its position in Schwab Municipal Bond ETF by 100.9% during the 4th quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock valued at $12,667,000 after purchasing an additional 249,379 shares during the period. CGN Advisors LLC raised its holdings in Schwab Municipal Bond ETF by 174.4% during the 4th quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock worth $7,862,000 after purchasing an additional 194,584 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Schwab Municipal Bond ETF by 187.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 125,900 shares of the company’s stock worth $3,233,000 after purchasing an additional 82,150 shares during the period.

Schwab Municipal Bond ETF Stock Down 0.5 %

NYSEARCA:SCMB opened at $24.65 on Monday. Schwab Municipal Bond ETF has a 52 week low of $24.21 and a 52 week high of $26.37. The firm’s fifty day moving average is $25.52 and its 200-day moving average is $25.73.

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.