Francis Financial Inc. Acquires New Position in Schwab Municipal Bond ETF $SCMB

Francis Financial Inc. bought a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,671 shares of the company’s stock, valued at approximately $1,074,000.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab Municipal Bond ETF by 75.6% during the first quarter. Envestnet Asset Management Inc. now owns 221,109 shares of the company’s stock worth $5,610,000 after purchasing an additional 95,209 shares during the last quarter. Allworth Financial LP purchased a new position in Schwab Municipal Bond ETF during the first quarter worth about $29,000. AE Wealth Management LLC lifted its position in Schwab Municipal Bond ETF by 394.9% during the first quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock worth $25,000 after buying an additional 774 shares during the period. Cetera Investment Advisers boosted its stake in Schwab Municipal Bond ETF by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 58,918 shares of the company’s stock worth $1,495,000 after buying an additional 2,847 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the 1st quarter valued at about $701,000.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $25.83 on Thursday. The company’s 50 day simple moving average is $25.71 and its 200 day simple moving average is $25.28. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.30.

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.