SageView Advisory Group LLC Makes New $1.02 Million Investment in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

SageView Advisory Group LLC purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 39,734 shares of the company’s stock, valued at approximately $1,020,000.

A number of other institutional investors have also modified their holdings of the company. O ROURKE & COMPANY Inc grew its position in Schwab Municipal Bond ETF by 111.9% in the 4th quarter. O ROURKE & COMPANY Inc now owns 88,406 shares of the company’s stock valued at $2,270,000 after acquiring an additional 46,683 shares in the last quarter. Savvy Advisors Inc. grew its holdings in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. Savvy Advisors Inc. now owns 34,268 shares of the company’s stock valued at $880,000 after purchasing an additional 17,134 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Schwab Municipal Bond ETF by 187.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 125,900 shares of the company’s stock worth $3,233,000 after buying an additional 82,150 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Schwab Municipal Bond ETF by 300.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock worth $154,000 after buying an additional 4,500 shares in the last quarter. Finally, RWA Wealth Partners LLC boosted its position in Schwab Municipal Bond ETF by 102.8% in the 4th quarter. RWA Wealth Partners LLC now owns 140,946 shares of the company’s stock valued at $3,619,000 after buying an additional 71,433 shares during the period.

Schwab Municipal Bond ETF Stock Down 0.5 %

Schwab Municipal Bond ETF stock opened at $24.65 on Monday. Schwab Municipal Bond ETF has a twelve month low of $24.21 and a twelve month high of $26.37. The stock’s fifty day simple moving average is $25.52 and its 200-day simple moving average is $25.73.

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.