Wedmont Private Capital Sells 23,455 Shares of Schwab Municipal Bond ETF $SCMB

Wedmont Private Capital lessened its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 471,085 shares of the company’s stock after selling 23,455 shares during the quarter. Wedmont Private Capital’s holdings in Schwab Municipal Bond ETF were worth $11,297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Breakwater Capital Group lifted its holdings in shares of Schwab Municipal Bond ETF by 96.9% in the third quarter. Breakwater Capital Group now owns 22,272 shares of the company’s stock valued at $538,000 after purchasing an additional 10,963 shares in the last quarter. LifeGoal Investments LLC acquired a new position in Schwab Municipal Bond ETF during the third quarter valued at $453,000. Avidian Wealth Enterprises LLC acquired a new position in Schwab Municipal Bond ETF during the third quarter valued at $53,927,000. SigFig Wealth Management LLC purchased a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth about $618,000. Finally, Rosenberg Matthew Hamilton lifted its stake in Schwab Municipal Bond ETF by 1,328.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 157,341 shares of the company’s stock worth $3,801,000 after acquiring an additional 146,328 shares in the last quarter.

Schwab Municipal Bond ETF Trading Up 0.2%

NYSEARCA SCMB traded up $0.06 during trading on Friday, reaching $24.04. 1,920,605 shares of the company’s stock were exchanged, compared to its average volume of 1,859,164. Schwab Municipal Bond ETF has a fifty-two week low of $23.81 and a fifty-two week high of $26.20. The company’s fifty day simple moving average is $24.82 and its 200-day simple moving average is $25.33.

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.