Root Financial Partners LLC Sells 21,592 Shares of Schwab Municipal Bond ETF $SCMB

Root Financial Partners LLC reduced its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 95.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,080 shares of the company’s stock after selling 21,592 shares during the period. Root Financial Partners LLC’s holdings in Schwab Municipal Bond ETF were worth $28,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Breakwater Investment Management grew its position in Schwab Municipal Bond ETF by 310.7% during the 3rd quarter. Breakwater Investment Management now owns 40,006 shares of the company’s stock valued at $1,025,000 after purchasing an additional 30,266 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Schwab Municipal Bond ETF by 15.4% in the second quarter. Janney Montgomery Scott LLC now owns 75,000 shares of the company’s stock worth $1,888,000 after buying an additional 10,000 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the second quarter valued at approximately $665,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Schwab Municipal Bond ETF during the second quarter valued at approximately $1,948,000. Finally, Pure Portfolios Holdings LLC increased its position in shares of Schwab Municipal Bond ETF by 37.1% during the third quarter. Pure Portfolios Holdings LLC now owns 120,263 shares of the company’s stock valued at $3,080,000 after acquiring an additional 32,515 shares in the last quarter.

Schwab Municipal Bond ETF Stock Down 0.0%

SCMB stock opened at $25.88 on Wednesday. The stock’s 50 day simple moving average is $25.80 and its 200 day simple moving average is $25.56. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $26.00.

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.