Schwab Municipal Bond ETF $SCMB Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC lifted its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 606.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,146 shares of the company’s stock after acquiring an additional 123,744 shares during the period. Waverly Advisors LLC owned 0.10% of Schwab Municipal Bond ETF worth $3,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SCMB. Wescott Financial Advisory Group LLC bought a new position in Schwab Municipal Bond ETF during the fourth quarter valued at about $794,000. NewCorp Financial Services Inc. acquired a new stake in Schwab Municipal Bond ETF in the 4th quarter valued at about $905,000. Manning & Napier Advisors LLC boosted its position in shares of Schwab Municipal Bond ETF by 32.1% during the 4th quarter. Manning & Napier Advisors LLC now owns 107,109 shares of the company’s stock valued at $2,759,000 after purchasing an additional 26,020 shares in the last quarter. Stolz & Associates PS acquired a new position in shares of Schwab Municipal Bond ETF in the 4th quarter worth approximately $903,000. Finally, IFP Advisors Inc raised its holdings in shares of Schwab Municipal Bond ETF by 240.5% in the 4th quarter. IFP Advisors Inc now owns 43,603 shares of the company’s stock worth $1,123,000 after purchasing an additional 30,798 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

SCMB stock opened at $25.39 on Thursday. Schwab Municipal Bond ETF has a 12 month low of $24.93 and a 12 month high of $26.20. The firm has a 50 day simple moving average of $25.63 and a 200 day simple moving average of $25.72.

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.