Heartwood Wealth Advisors LLC Acquires New Position in Schwab Municipal Bond ETF $SCMB

Heartwood Wealth Advisors LLC acquired a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the second quarter, Holdings Channel.com reports. The fund acquired 9,243 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCMB. AE Wealth Management LLC grew its position in Schwab Municipal Bond ETF by 394.9% during the first quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after purchasing an additional 774 shares in the last quarter. Allworth Financial LP bought a new stake in Schwab Municipal Bond ETF in the first quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in Schwab Municipal Bond ETF in the first quarter worth approximately $32,000. Harbour Investments Inc. grew its position in Schwab Municipal Bond ETF by 811.1% in the first quarter. Harbour Investments Inc. now owns 4,592 shares of the company’s stock worth $116,000 after acquiring an additional 4,088 shares in the last quarter. Finally, Gemmer Asset Management LLC bought a new stake in Schwab Municipal Bond ETF in the first quarter worth approximately $262,000.

Schwab Municipal Bond ETF Price Performance

SCMB stock opened at $25.63 on Monday. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $26.37. The firm has a 50 day moving average of $25.09 and a two-hundred day moving average of $25.14.

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.