2,232,098 Shares of Schwab Municipal Bond ETF $SCMB Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC acquired a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,232,098 shares of the company’s stock, valued at approximately $53,927,000. Schwab Municipal Bond ETF makes up approximately 1.5% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 14th biggest holding. Avidian Wealth Enterprises LLC owned about 1.71% of Schwab Municipal Bond ETF as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SCMB. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at $50,000. Root Financial Partners LLC boosted its stake in shares of Schwab Municipal Bond ETF by 41.9% in the 1st quarter. Root Financial Partners LLC now owns 4,354 shares of the company’s stock valued at $111,000 after purchasing an additional 1,285 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Schwab Municipal Bond ETF during the first quarter worth approximately $133,000. Integrity Investment Advisors LLC acquired a new position in Schwab Municipal Bond ETF in the fourth quarter valued at approximately $212,000. Finally, RMG Wealth Management LLC acquired a new position in Schwab Municipal Bond ETF in the first quarter valued at approximately $237,000.

Schwab Municipal Bond ETF Stock Performance

Shares of SCMB stock traded down $0.01 during trading hours on Thursday, reaching $23.91. The company had a trading volume of 1,500,298 shares, compared to its average volume of 1,849,571. Schwab Municipal Bond ETF has a 1-year low of $23.81 and a 1-year high of $26.20. The company has a 50 day moving average of $24.85 and a 200 day moving average of $25.34.

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.