Beaird Harris Wealth Management LLC Reduces Position in Schwab Municipal Bond ETF $SCMB

Beaird Harris Wealth Management LLC cut its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,612 shares of the company’s stock after selling 25,850 shares during the quarter. Beaird Harris Wealth Management LLC owned approximately 0.11% of Schwab Municipal Bond ETF worth $4,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Allocation Strategies LLC raised its position in shares of Schwab Municipal Bond ETF by 31.0% in the second quarter. Asset Allocation Strategies LLC now owns 33,610 shares of the company’s stock valued at $868,000 after purchasing an additional 7,955 shares during the period. Compass Financial Management LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at approximately $390,000. Greenspring Advisors LLC bought a new position in Schwab Municipal Bond ETF in the 2nd quarter worth approximately $251,000. Continuum Advisory LLC boosted its holdings in Schwab Municipal Bond ETF by 6.0% in the 2nd quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock worth $411,000 after buying an additional 903 shares during the period. Finally, Acorn Wealth Advisors LLC purchased a new position in Schwab Municipal Bond ETF in the 2nd quarter valued at approximately $1,043,000.

Schwab Municipal Bond ETF Price Performance

Shares of SCMB stock opened at $24.92 on Friday. The company’s fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $25.60. Schwab Municipal Bond ETF has a 1 year low of $24.88 and a 1 year high of $26.20.

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.