TSA Wealth Managment LLC lowered its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 44.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,766 shares of the company’s stock after selling 27,364 shares during the period. TSA Wealth Managment LLC’s holdings in Schwab Municipal Bond ETF were worth $840,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management acquired a new stake in Schwab Municipal Bond ETF during the 3rd quarter valued at approximately $466,000. Root Financial Partners LLC acquired a new stake in shares of Schwab Municipal Bond ETF in the third quarter worth $45,000. Pinnacle Bancorp Inc. increased its stake in shares of Schwab Municipal Bond ETF by 45.6% in the third quarter. Pinnacle Bancorp Inc. now owns 14,888 shares of the company’s stock worth $360,000 after acquiring an additional 4,664 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of Schwab Municipal Bond ETF during the third quarter worth $321,000. Finally, Financial Life Advisors purchased a new position in shares of Schwab Municipal Bond ETF during the third quarter worth $309,000.
Schwab Municipal Bond ETF Trading Up 0.4%
NYSEARCA SCMB traded up $0.10 on Friday, reaching $24.69. 5,107,019 shares of the company’s stock traded hands, compared to its average volume of 2,119,221. Schwab Municipal Bond ETF has a fifty-two week low of $23.81 and a fifty-two week high of $26.20. The stock has a 50 day moving average price of $24.61 and a 200-day moving average price of $25.26.
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.
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Want to see what other hedge funds are holding SCMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report).
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