Ferguson Wellman Capital Management Inc. Invests $4.55 Million in Schwab Municipal Bond ETF $SCMB

Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 178,654 shares of the company’s stock, valued at approximately $4,552,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the fourth quarter worth about $26,000. McIlrath & Eck LLC bought a new position in Schwab Municipal Bond ETF during the 4th quarter worth about $34,000. JDM Financial Group LLC purchased a new position in Schwab Municipal Bond ETF during the 4th quarter valued at about $38,000. Aptus Capital Advisors LLC increased its position in Schwab Municipal Bond ETF by 742.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock valued at $44,000 after purchasing an additional 1,521 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Schwab Municipal Bond ETF in the 4th quarter valued at about $69,000.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA:SCMB opened at $25.68 on Monday. The firm has a 50-day simple moving average of $25.66 and a 200-day simple moving average of $25.75. Schwab Municipal Bond ETF has a one year low of $24.81 and a one year high of $26.20.

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.