Sequoia Financial Advisors LLC Acquires 8,684 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Sequoia Financial Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,368 shares of the company’s stock after purchasing an additional 8,684 shares during the period. Sequoia Financial Advisors LLC owned about 0.28% of Schwab Municipal Bond ETF worth $446,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Avior Wealth Management LLC bought a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at about $149,000. Meridian Wealth Management LLC purchased a new stake in Schwab Municipal Bond ETF during the 3rd quarter valued at about $419,000. Family Capital Management Inc. grew its position in Schwab Municipal Bond ETF by 26.8% during the 3rd quarter. Family Capital Management Inc. now owns 8,903 shares of the company’s stock worth $468,000 after acquiring an additional 1,880 shares during the last quarter. Larson Financial Group LLC purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter worth approximately $26,000. Finally, Captrust Financial Advisors lifted its position in Schwab Municipal Bond ETF by 3.5% in the third quarter. Captrust Financial Advisors now owns 20,888 shares of the company’s stock valued at $1,097,000 after purchasing an additional 700 shares during the last quarter.

Schwab Municipal Bond ETF Stock Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.51 on Wednesday. The company’s 50 day moving average price is $25.67 and its 200-day moving average price is $25.85. Schwab Municipal Bond ETF has a 52-week low of $25.37 and a 52-week high of $26.37.

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.