Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc grew its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 108.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,128 shares of the company’s stock after purchasing an additional 16,699 shares during the period. AdvisorNet Financial Inc owned approximately 0.52% of Schwab Municipal Bond ETF worth $825,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SCMB. Envestnet Asset Management Inc. grew its holdings in Schwab Municipal Bond ETF by 18.6% during the second quarter. Envestnet Asset Management Inc. now owns 38,840 shares of the company’s stock worth $1,996,000 after acquiring an additional 6,082 shares during the period. Susquehanna International Group LLP lifted its stake in Schwab Municipal Bond ETF by 578.0% during the second quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock valued at $9,574,000 after purchasing an additional 158,786 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Schwab Municipal Bond ETF by 160.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 11,925 shares of the company’s stock worth $613,000 after buying an additional 7,350 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Schwab Municipal Bond ETF in the third quarter worth approximately $201,000. Finally, Myecfo LLC increased its stake in Schwab Municipal Bond ETF by 6.4% in the 3rd quarter. Myecfo LLC now owns 62,279 shares of the company’s stock worth $3,277,000 after purchasing an additional 3,759 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

Shares of NYSEARCA SCMB opened at $25.54 on Thursday. The business has a 50-day moving average price of $25.83 and a two-hundred day moving average price of $25.93. Schwab Municipal Bond ETF has a one year low of $25.37 and a one year high of $26.37.

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.