Pasadena Private Wealth LLC Acquires New Position in Schwab Municipal Bond ETF $SCMB

Pasadena Private Wealth LLC acquired a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,238 shares of the company’s stock, valued at approximately $847,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Schwab Municipal Bond ETF by 600.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after acquiring an additional 773,503 shares during the last quarter. Wescott Financial Advisory Group LLC bought a new position in Schwab Municipal Bond ETF during the fourth quarter worth $794,000. NewCorp Financial Services Inc. bought a new position in Schwab Municipal Bond ETF during the fourth quarter worth $905,000. CGN Advisors LLC boosted its holdings in Schwab Municipal Bond ETF by 8.3% in the fourth quarter. CGN Advisors LLC now owns 294,181 shares of the company’s stock worth $7,578,000 after purchasing an additional 22,520 shares during the period. Finally, Manning & Napier Advisors LLC boosted its holdings in Schwab Municipal Bond ETF by 32.1% in the fourth quarter. Manning & Napier Advisors LLC now owns 107,109 shares of the company’s stock worth $2,759,000 after purchasing an additional 26,020 shares during the period.

Schwab Municipal Bond ETF Stock Performance

SCMB stock opened at $25.79 on Monday. Schwab Municipal Bond ETF has a 1-year low of $24.81 and a 1-year high of $26.20. The firm has a fifty day moving average price of $25.65 and a two-hundred day moving average price of $25.75.

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.