Howe & Rusling Inc. Makes New Investment in Schwab Municipal Bond ETF $SCMB

Howe & Rusling Inc. purchased a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,174 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AE Wealth Management LLC increased its holdings in Schwab Municipal Bond ETF by 394.9% during the first quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after buying an additional 774 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Schwab Municipal Bond ETF during the first quarter worth $32,000. Harbour Investments Inc. lifted its holdings in Schwab Municipal Bond ETF by 811.1% during the first quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock worth $116,000 after buying an additional 4,088 shares during the period. Ameritas Advisory Services LLC bought a new stake in Schwab Municipal Bond ETF during the 2nd quarter valued at $139,000. Finally, Breakwater Capital Group bought a new stake in Schwab Municipal Bond ETF during the 2nd quarter valued at $206,000.

Schwab Municipal Bond ETF Stock Performance

Shares of NYSEARCA:SCMB opened at $25.82 on Friday. Schwab Municipal Bond ETF has a 12-month low of $24.21 and a 12-month high of $26.30. The business’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $25.31.

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.