Perigon Wealth Management LLC Buys 14,740 Shares of Schwab Municipal Bond ETF $SCMB

Perigon Wealth Management LLC lifted its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,898 shares of the company’s stock after buying an additional 14,740 shares during the period. Perigon Wealth Management LLC owned approximately 0.21% of Schwab Municipal Bond ETF worth $4,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC boosted its stake in shares of Schwab Municipal Bond ETF by 394.9% in the first quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after buying an additional 774 shares during the period. Allworth Financial LP bought a new stake in shares of Schwab Municipal Bond ETF in the first quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Schwab Municipal Bond ETF in the first quarter valued at approximately $32,000. Harbour Investments Inc. boosted its stake in shares of Schwab Municipal Bond ETF by 811.1% in the first quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock valued at $116,000 after buying an additional 4,088 shares during the period. Finally, Breakwater Capital Group bought a new stake in shares of Schwab Municipal Bond ETF in the second quarter valued at approximately $206,000.

Schwab Municipal Bond ETF Trading Down 0.1%

Shares of SCMB stock opened at $25.61 on Friday. The stock has a 50 day simple moving average of $25.22 and a 200 day simple moving average of $25.15. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year 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.