23,455 Schwab Municipal Bond ETF $SCMB Shares Sold by Wedmont Private Capital

Wedmont Private Capital lessened its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 471,085 shares of the company’s stock after selling 23,455 shares during the quarter. Wedmont Private Capital owned about 0.36% of Schwab Municipal Bond ETF worth $11,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCMB. Bank of America Corp DE lifted its position in Schwab Municipal Bond ETF by 3,354.2% in the first quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock worth $559,525,000 after purchasing an additional 21,323,660 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 3rd quarter worth $53,927,000. Charles Schwab Trust Co lifted its holdings in shares of Schwab Municipal Bond ETF by 11.1% in the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after buying an additional 105,691 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab Municipal Bond ETF by 18.5% in the second quarter. Envestnet Asset Management Inc. now owns 860,999 shares of the company’s stock valued at $22,231,000 after buying an additional 134,613 shares during the period. Finally, Fort Point Capital Partners LLC boosted its stake in Schwab Municipal Bond ETF by 5.9% during the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after buying an additional 42,573 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

NYSEARCA:SCMB traded up $0.06 during mid-day trading on Friday, reaching $24.04. 1,920,605 shares of the stock were exchanged, compared to its average volume of 1,859,164. The business has a fifty day moving average price of $24.82 and a 200 day moving average price of $25.33. Schwab Municipal Bond ETF has a 1-year low of $23.81 and a 1-year high of $26.20.

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.