United Capital Financial Advisors LLC Purchases 44,109 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

United Capital Financial Advisors LLC grew its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 315.2% in the fourth quarter, Holdings Channel reports. The fund owned 58,104 shares of the company’s stock after buying an additional 44,109 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $1,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCMB. Larson Financial Group LLC grew its stake in shares of Schwab Municipal Bond ETF by 100.8% in the 4th quarter. Larson Financial Group LLC now owns 1,006 shares of the company’s stock worth $26,000 after buying an additional 505 shares in the last quarter. IFP Advisors Inc increased its stake in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after acquiring an additional 1,645 shares during the last quarter. Truist Financial Corp purchased a new stake in Schwab Municipal Bond ETF during the fourth quarter valued at approximately $135,000. Avior Wealth Management LLC lifted its stake in shares of Schwab Municipal Bond ETF by 100.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,686 shares of the company’s stock valued at $146,000 after purchasing an additional 2,843 shares during the last quarter. Finally, WealthShield Partners LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 100.0% in the 4th quarter. WealthShield Partners LLC now owns 5,724 shares of the company’s stock worth $147,000 after purchasing an additional 2,862 shares during the period.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA:SCMB opened at $24.96 on Friday. The stock’s fifty day moving average is $25.44 and its 200 day moving average is $25.69. Schwab Municipal Bond ETF has a fifty-two week low of $24.21 and a fifty-two week high of $26.37.

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.