Wescott Financial Advisory Group LLC Invests $794,000 in Schwab Municipal Bond ETF $SCMB

Wescott Financial Advisory Group LLC purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,817 shares of the company’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of Schwab Municipal Bond ETF during the 4th quarter worth $26,000. McIlrath & Eck LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter worth about $34,000. JDM Financial Group LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter worth about $38,000. Root Financial Partners LLC boosted its stake in Schwab Municipal Bond ETF by 184.2% in the 4th quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock worth $79,000 after purchasing an additional 1,989 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in Schwab Municipal Bond ETF by 1,818.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock worth $84,000 after purchasing an additional 3,091 shares during the period.

Schwab Municipal Bond ETF Stock Performance

Shares of NYSEARCA SCMB opened at $25.66 on Friday. Schwab Municipal Bond ETF has a 52 week low of $24.81 and a 52 week high of $26.20. The business has a 50-day simple moving average of $25.62 and a two-hundred day simple moving average of $25.75.

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.