Beaird Harris Wealth Management LLC Sells 25,850 Shares of Schwab Municipal Bond ETF $SCMB

Beaird Harris Wealth Management LLC cut its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,612 shares of the company’s stock after selling 25,850 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Schwab Municipal Bond ETF were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of Schwab Municipal Bond ETF in the 1st quarter worth $1,248,000. Jane Street Group LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 125.0% during the 1st quarter. Jane Street Group LLC now owns 214,377 shares of the company’s stock worth $5,439,000 after acquiring an additional 119,105 shares during the last quarter. JPMorgan Chase & Co. grew its position in Schwab Municipal Bond ETF by 165.5% in the second quarter. JPMorgan Chase & Co. now owns 128,813 shares of the company’s stock worth $3,244,000 after acquiring an additional 80,303 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in Schwab Municipal Bond ETF in the second quarter worth $569,000. Finally, Quantinno Capital Management LP purchased a new position in Schwab Municipal Bond ETF in the second quarter worth $2,311,000.

Schwab Municipal Bond ETF Trading Up 0.2%

SCMB opened at $24.92 on Friday. The stock has a 50-day moving average price of $25.41 and a 200-day moving average price of $25.60. Schwab Municipal Bond ETF has a 12-month low of $24.88 and a 12-month high of $26.20.

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.