Sequoia Financial Advisors LLC Acquires 8,684 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Sequoia Financial Advisors LLC grew its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,368 shares of the company’s stock after buying an additional 8,684 shares during the period. Sequoia Financial Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in Schwab Municipal Bond ETF in the third quarter worth $26,000. Continuum Advisory LLC increased its stake in shares of 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. IFP Advisors Inc boosted its stake in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after acquiring an additional 1,645 shares in the last quarter. Truist Financial Corp purchased a new stake in Schwab Municipal Bond ETF in the fourth quarter worth about $135,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 100.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,686 shares of the company’s stock valued at $146,000 after purchasing an additional 2,843 shares during the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of SCMB opened at $25.51 on Wednesday. The business’s 50 day moving average price is $25.67 and its 200-day moving average price is $25.85. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37.

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.