VCI Wealth Management LLC Makes New $376,000 Investment in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

VCI Wealth Management LLC acquired a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,150 shares of the company’s stock, valued at approximately $376,000. VCI Wealth Management LLC owned about 0.24% of Schwab Municipal Bond ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCMB. IFP Advisors Inc purchased a new stake in shares of Schwab Municipal Bond ETF in the third quarter valued at about $25,000. CVA Family Office LLC purchased a new stake in Schwab Municipal Bond ETF during the fourth quarter worth about $64,000. Miracle Mile Advisors LLC purchased a new stake in Schwab Municipal Bond ETF during the fourth quarter worth about $201,000. B. Riley Wealth Advisors Inc. purchased a new stake in Schwab Municipal Bond ETF during the third quarter worth about $227,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Schwab Municipal Bond ETF by 118.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,747 shares of the company’s stock worth $302,000 after buying an additional 3,117 shares in the last quarter.

Schwab Municipal Bond ETF Stock Down 0.3 %

SCMB stock traded down $0.15 during trading on Thursday, reaching $51.24. 30,387 shares of the company were exchanged, compared to its average volume of 44,672. Schwab Municipal Bond ETF has a 52-week low of $48.56 and a 52-week high of $52.70. The stock’s 50 day moving average price is $51.91 and its 200 day moving average price is $51.48.

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.