Avidian Wealth Enterprises LLC Buys Shares of 77,355 Schwab Municipal Bond ETF $SCMB

Avidian Wealth Enterprises LLC purchased a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 77,355 shares of the company’s stock, valued at approximately $1,948,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SCMB. Jones Financial Companies Lllp lifted its holdings in shares of Schwab Municipal Bond ETF by 5,681.7% during the 1st quarter. Jones Financial Companies Lllp now owns 4,611,557 shares of the company’s stock worth $116,995,000 after acquiring an additional 4,531,796 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in Schwab Municipal Bond ETF by 12.9% in the second quarter. Pallas Capital Advisors LLC now owns 755,515 shares of the company’s stock valued at $19,024,000 after acquiring an additional 86,264 shares during the last quarter. Charles Schwab Trust Co raised its position in Schwab Municipal Bond ETF by 38.7% during the second quarter. Charles Schwab Trust Co now owns 733,104 shares of the company’s stock valued at $18,460,000 after purchasing an additional 204,665 shares in the last quarter. Rochester Wealth Strategies LLC purchased a new stake in Schwab Municipal Bond ETF during the first quarter valued at about $6,274,000. Finally, Envestnet Asset Management Inc. lifted its stake in Schwab Municipal Bond ETF by 75.6% during the first quarter. Envestnet Asset Management Inc. now owns 221,109 shares of the company’s stock worth $5,610,000 after purchasing an additional 95,209 shares during the last quarter.

Schwab Municipal Bond ETF Trading Up 0.0%

SCMB opened at $25.89 on Wednesday. The stock has a 50-day moving average price of $25.48 and a 200-day moving average price of $25.17. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $26.30.

About Schwab Municipal Bond ETF

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.