Wedmont Private Capital Buys 249,379 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Wedmont Private Capital boosted its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,568 shares of the company’s stock after acquiring an additional 249,379 shares during the period. Schwab Municipal Bond ETF accounts for 0.7% of Wedmont Private Capital’s holdings, making the stock its 26th biggest position. Wedmont Private Capital owned 8.07% of Schwab Municipal Bond ETF worth $12,667,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SCMB. Pallas Capital Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 220.0% in the 3rd quarter. Pallas Capital Advisors LLC now owns 481,159 shares of the company’s stock valued at $25,275,000 after buying an additional 330,798 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Schwab Municipal Bond ETF by 578.0% in the second quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock worth $9,574,000 after acquiring an additional 158,786 shares during the last quarter. Creative Planning acquired a new stake in Schwab Municipal Bond ETF during the 3rd quarter worth $1,002,000. JPMorgan Chase & Co. grew its stake in Schwab Municipal Bond ETF by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,155 shares of the company’s stock valued at $3,055,000 after acquiring an additional 18,014 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Schwab Municipal Bond ETF in the third quarter valued at approximately $419,000.

Schwab Municipal Bond ETF Stock Down 0.3 %

Shares of SCMB traded down $0.08 during midday trading on Monday, reaching $25.43. The company had a trading volume of 188,819 shares, compared to its average volume of 141,007. Schwab Municipal Bond ETF has a 1-year low of $25.42 and a 1-year high of $26.37. The firm has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $25.94.

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.