Schwab Municipal Bond ETF $SCMB Shares Sold by CGN Advisors LLC

CGN Advisors LLC lessened its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,093 shares of the company’s stock after selling 47,263 shares during the period. CGN Advisors LLC owned approximately 0.15% of Schwab Municipal Bond ETF worth $5,812,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCMB. Breakwater Capital Group boosted its stake in shares of Schwab Municipal Bond ETF by 4.4% in the 1st quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after buying an additional 413 shares during the period. Coastal Bridge Advisors LLC lifted its stake in Schwab Municipal Bond ETF by 2.2% in the fourth quarter. Coastal Bridge Advisors LLC now owns 25,274 shares of the company’s stock worth $651,000 after acquiring an additional 548 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Schwab Municipal Bond ETF by 1.9% in the fourth quarter. Kestra Advisory Services LLC now owns 31,282 shares of the company’s stock worth $806,000 after acquiring an additional 592 shares during the last quarter. Clear Creek Financial Management LLC grew its holdings in Schwab Municipal Bond ETF by 3.2% during the 4th quarter. Clear Creek Financial Management LLC now owns 20,764 shares of the company’s stock worth $535,000 after acquiring an additional 649 shares in the last quarter. Finally, Advyzon Investment Management LLC increased its position in shares of Schwab Municipal Bond ETF by 3.6% in the 4th quarter. Advyzon Investment Management LLC now owns 20,764 shares of the company’s stock valued at $535,000 after purchasing an additional 724 shares during the last quarter.

Schwab Municipal Bond ETF Trading Up 0.3%

Shares of SCMB stock opened at $25.33 on Wednesday. The firm has a fifty day moving average price of $25.62 and a 200 day moving average price of $25.71. Schwab Municipal Bond ETF has a 12 month low of $24.98 and a 12 month 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.