Cornerstone Advisors Asset Management LLC Has $2.46 Million Stock Position in Schwab Municipal Bond ETF $SCMB

Cornerstone Advisors Asset Management LLC reduced its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 32.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,092 shares of the company’s stock after selling 46,633 shares during the period. Cornerstone Advisors Asset Management LLC’s holdings in Schwab Municipal Bond ETF were worth $2,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in Schwab Municipal Bond ETF in the 4th quarter worth about $26,000. Aptus Capital Advisors LLC grew its position in Schwab Municipal Bond ETF by 742.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock worth $44,000 after acquiring an additional 1,521 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Schwab Municipal Bond ETF during the 4th quarter worth $69,000. Root Financial Partners LLC raised its holdings in shares of Schwab Municipal Bond ETF by 184.2% during the 4th quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock valued at $79,000 after purchasing an additional 1,989 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of Schwab Municipal Bond ETF by 1,818.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock valued at $84,000 after purchasing an additional 3,091 shares in the last quarter.

Schwab Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA:SCMB opened at $24.92 on Friday. The firm has a fifty day moving average price of $25.41 and a 200 day moving average price of $25.60. Schwab Municipal Bond ETF has a 1 year low of $24.88 and a 1 year high of $26.20.

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.