Northeast Financial Group Inc. Acquires Shares of 65,185 Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Northeast Financial Group Inc. bought a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,185 shares of the company’s stock, valued at approximately $1,674,000. Northeast Financial Group Inc. owned approximately 1.06% of Schwab Municipal Bond ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Schwab Municipal Bond ETF by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,155 shares of the company’s stock worth $3,055,000 after purchasing an additional 18,014 shares during the period. HighTower Advisors LLC acquired a new position in Schwab Municipal Bond ETF during the third quarter worth about $210,000. B. Riley Wealth Advisors Inc. increased its holdings in Schwab Municipal Bond ETF by 24.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 14,800 shares of the company’s stock valued at $777,000 after buying an additional 2,875 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Schwab Municipal Bond ETF by 12.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 539,702 shares of the company’s stock valued at $13,860,000 after acquiring an additional 58,543 shares during the period. Finally, VanderPol Investments L.L.C. boosted its stake in shares of Schwab Municipal Bond ETF by 93.8% during the 4th quarter. VanderPol Investments L.L.C. now owns 80,182 shares of the company’s stock worth $2,059,000 after acquiring an additional 38,800 shares in the last quarter.

Schwab Municipal Bond ETF Stock Performance

SCMB opened at $25.73 on Thursday. Schwab Municipal Bond ETF has a 1-year low of $25.37 and a 1-year high of $26.37. The stock’s 50 day simple moving average is $25.78 and its 200 day simple moving average is $25.92.

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.