Northwestern Mutual Wealth Management Co. grew its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 252.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,350 shares of the company’s stock after purchasing an additional 91,233 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Schwab Municipal Bond ETF were worth $3,281,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in shares of Schwab Municipal Bond ETF in the fourth quarter valued at about $26,000. McIlrath & Eck LLC acquired a new position in shares of Schwab Municipal Bond ETF in the fourth quarter valued at about $34,000. JDM Financial Group LLC acquired a new position in shares of Schwab Municipal Bond ETF in the fourth quarter valued at about $38,000. Clearstead Advisors LLC increased its holdings in shares of Schwab Municipal Bond ETF by 1,818.2% in the fourth quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock valued at $84,000 after purchasing an additional 3,091 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Schwab Municipal Bond ETF in the second quarter valued at about $110,000.
Schwab Municipal Bond ETF Stock Up 0.1%
Schwab Municipal Bond ETF stock opened at $25.68 on Friday. Schwab Municipal Bond ETF has a 52 week low of $24.81 and a 52 week high of $26.20. The business’s 50-day moving average price is $25.60 and its 200 day moving average price is $25.76.
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.
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