Schwab Municipal Bond ETF $SCMB Stock Holdings Increased by Northeast Financial Group Inc.

Northeast Financial Group Inc. increased its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 34.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,676 shares of the company’s stock after purchasing an additional 13,136 shares during the quarter. Northeast Financial Group Inc. owned 0.06% of Schwab Municipal Bond ETF worth $1,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Myecfo LLC raised its holdings in shares of Schwab Municipal Bond ETF by 9.3% during the second quarter. Myecfo LLC now owns 145,160 shares of the company’s stock valued at $3,659,000 after acquiring an additional 12,400 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Schwab Municipal Bond ETF by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 18,462 shares of the company’s stock valued at $468,000 after acquiring an additional 1,094 shares during the period. Cetera Investment Advisers raised its holdings in shares of Schwab Municipal Bond ETF by 5.1% during the first quarter. Cetera Investment Advisers now owns 58,918 shares of the company’s stock valued at $1,495,000 after acquiring an additional 2,847 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the first quarter valued at approximately $1,649,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Schwab Municipal Bond ETF during the first quarter valued at approximately $32,000.

Schwab Municipal Bond ETF Stock Performance

SCMB stock opened at $25.61 on Wednesday. Schwab Municipal Bond ETF has a 52-week low of $24.21 and a 52-week high of $26.37. The company’s 50 day simple moving average is $25.26 and its 200-day simple moving average is $25.14.

Schwab Municipal Bond ETF 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.