LifeGoal Wealth Advisors Buys Shares of 8,920 Schwab Municipal Bond ETF (NYSEARCA:SCMB)

LifeGoal Wealth Advisors purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,920 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Schwab Municipal Bond ETF in the 3rd quarter worth $26,000. Continuum Advisory LLC raised its holdings in Schwab Municipal Bond ETF by 166.7% during the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in Schwab Municipal Bond ETF in the third quarter valued at about $149,000. IFP Advisors Inc boosted its holdings in Schwab Municipal Bond ETF by 100.0% in the 4th quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock valued at $84,000 after purchasing an additional 1,645 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the 3rd quarter valued at approximately $210,000.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $25.89 on Wednesday. The business has a 50 day simple moving average of $25.67 and a 200-day simple moving average of $25.89. Schwab Municipal Bond ETF has a 12 month low of $25.37 and a 12 month 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.