VCI Wealth Management LLC Increases Stock Holdings in Schwab Municipal Bond ETF $SCMB

VCI Wealth Management LLC lifted its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 3.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,982 shares of the company’s stock after buying an additional 505 shares during the period. VCI Wealth Management LLC’s holdings in Schwab Municipal Bond ETF were worth $402,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Myecfo LLC boosted its position 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 buying an additional 12,400 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Schwab Municipal Bond ETF by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 18,462 shares of the company’s stock worth $468,000 after purchasing an additional 1,094 shares during the last quarter. Cetera Investment Advisers boosted its position in Schwab Municipal Bond ETF by 5.1% in the first quarter. Cetera Investment Advisers now owns 58,918 shares of the company’s stock worth $1,495,000 after purchasing an additional 2,847 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Schwab Municipal Bond ETF in the first quarter worth $32,000. Finally, Janney Montgomery Scott LLC purchased a new position in Schwab Municipal Bond ETF in the first quarter worth $1,649,000.

Schwab Municipal Bond ETF Price Performance

SCMB stock opened at $25.88 on Tuesday. The stock’s fifty day simple moving average is $25.46 and its two-hundred day simple moving average is $25.17. Schwab Municipal Bond ETF has a 1-year low of $24.21 and a 1-year high of $26.30.

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.