NewEdge Wealth LLC Buys Shares of 57,941 Schwab Municipal Bond ETF $SCMB

NewEdge Wealth LLC bought a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,941 shares of the company’s stock, valued at approximately $1,476,000.

A number of other hedge funds have also made changes to their positions in SCMB. Cornerstone Advisors Asset Management LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 9.7% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 141,725 shares of the company’s stock worth $3,611,000 after purchasing an additional 12,485 shares during the period. Golden Bell Financial Planning LLC boosted its stake in shares of Schwab Municipal Bond ETF by 4.7% during the 1st quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock valued at $458,000 after buying an additional 806 shares during the period. CAP Partners LLC boosted its stake in shares of Schwab Municipal Bond ETF by 16.3% during the 1st quarter. CAP Partners LLC now owns 22,767 shares of the company’s stock valued at $580,000 after buying an additional 3,186 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter valued at $4,552,000. Finally, TSA Wealth Managment LLC grew its holdings in shares of Schwab Municipal Bond ETF by 11.4% during the 1st quarter. TSA Wealth Managment LLC now owns 65,287 shares of the company’s stock valued at $1,664,000 after acquiring an additional 6,687 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

NYSEARCA SCMB opened at $25.27 on Monday. Schwab Municipal Bond ETF has a 1-year low of $24.91 and a 1-year high of $26.20. The firm’s fifty day simple moving average is $25.64 and its 200-day simple moving average is $25.73.

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.