Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Purchased by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. raised its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 118.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,948 shares of the company’s stock after acquiring an additional 5,395 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Schwab Municipal Bond ETF were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCMB. Charles Schwab Trust Co lifted its holdings in Schwab Municipal Bond ETF by 196.8% in the 4th quarter. Charles Schwab Trust Co now owns 815,340 shares of the company’s stock valued at $20,938,000 after purchasing an additional 540,599 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Schwab Municipal Bond ETF by 100.9% during the fourth quarter. Wedmont Private Capital now owns 496,568 shares of the company’s stock valued at $12,667,000 after buying an additional 249,379 shares during the period. CGN Advisors LLC boosted its position in Schwab Municipal Bond ETF by 174.4% during the fourth quarter. CGN Advisors LLC now owns 306,135 shares of the company’s stock worth $7,862,000 after acquiring an additional 194,584 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Schwab Municipal Bond ETF in the 4th quarter worth approximately $2,048,000. Finally, Northeast Financial Group Inc. acquired a new position in Schwab Municipal Bond ETF in the 4th quarter valued at $1,674,000.

Schwab Municipal Bond ETF Trading Down 0.3 %

Schwab Municipal Bond ETF stock opened at $25.74 on Wednesday. The stock has a fifty day moving average price of $25.69 and a 200 day moving average price of $25.89. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37.

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.