Vise Technologies Inc. Buys New Position in Schwab Municipal Bond ETF $SCMB

Vise Technologies Inc. purchased a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the third quarter, HoldingsChannel.com reports. The firm purchased 243,912 shares of the company’s stock, valued at approximately $5,893,000.

Other hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Schwab Municipal Bond ETF during the 3rd quarter valued at approximately $45,000. Integrated Wealth Concepts LLC bought a new stake in Schwab Municipal Bond ETF in the second quarter worth about $50,000. RMG Wealth Management LLC purchased a new position in Schwab Municipal Bond ETF during the 1st quarter valued at $237,000. Greenspring Advisors LLC bought a new position in shares of Schwab Municipal Bond ETF in the second quarter worth about $251,000. Finally, Breakwater Capital Group raised its stake in shares of Schwab Municipal Bond ETF by 15.9% during the second quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock valued at $292,000 after acquiring an additional 1,550 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $24.80 on Tuesday. The business’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $25.40. Schwab Municipal Bond ETF has a 12-month low of $23.81 and a 12-month high of $26.20.

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.