Element Wealth LLC Grows Stock Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Element Wealth LLC grew its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,350 shares of the company’s stock after purchasing an additional 3,675 shares during the quarter. Element Wealth LLC owned approximately 0.12% of Schwab Municipal Bond ETF worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCMB. Continuum Advisory LLC increased its holdings in Schwab Municipal Bond ETF by 166.7% in the 3rd quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock worth $42,000 after acquiring an additional 500 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth approximately $26,000. Captrust Financial Advisors increased its holdings in Schwab Municipal Bond ETF by 3.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,888 shares of the company’s stock worth $1,097,000 after acquiring an additional 700 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Schwab Municipal Bond ETF by 5.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,507 shares of the company’s stock worth $1,655,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Family Capital Management Inc. increased its holdings in Schwab Municipal Bond ETF by 26.8% in the 3rd quarter. Family Capital Management Inc. now owns 8,903 shares of the company’s stock worth $468,000 after acquiring an additional 1,880 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Schwab Municipal Bond ETF stock opened at $25.79 on Friday. The firm has a 50 day moving average of $25.67 and a 200 day moving average of $25.90. Schwab Municipal Bond ETF has a 12-month low of $25.37 and a 12-month high of $26.37.

About Schwab Municipal Bond ETF

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.