Wedmont Private Capital Increases Stock Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Wedmont Private Capital increased its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 574,349 shares of the company’s stock after purchasing an additional 77,781 shares during the quarter. Schwab Municipal Bond ETF accounts for 0.7% of Wedmont Private Capital’s holdings, making the stock its 23rd biggest holding. Wedmont Private Capital owned approximately 2.47% of Schwab Municipal Bond ETF worth $14,158,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Larson Financial Group LLC raised its holdings in shares of Schwab Municipal Bond ETF by 100.8% in the fourth quarter. Larson Financial Group LLC now owns 1,006 shares of the company’s stock worth $26,000 after buying an additional 505 shares during the period. Capital Analysts LLC grew its position in Schwab Municipal Bond ETF by 228.4% in the 4th quarter. Capital Analysts LLC now owns 2,791 shares of the company’s stock valued at $72,000 after acquiring an additional 1,941 shares during the last quarter. IFP Advisors Inc increased its stake in Schwab Municipal Bond ETF by 100.0% in the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after purchasing an additional 1,645 shares during the period. Truist Financial Corp bought a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth $135,000. Finally, WealthShield Partners LLC lifted its position in shares of Schwab Municipal Bond ETF by 100.0% during the fourth quarter. WealthShield Partners LLC now owns 5,724 shares of the company’s stock worth $147,000 after purchasing an additional 2,862 shares during the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of SCMB opened at $24.89 on Friday. The firm has a fifty day moving average price of $25.03 and a 200-day moving average price of $25.48. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $26.37.

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.