RWA Wealth Partners LLC Raises Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

RWA Wealth Partners LLC increased its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 102.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,946 shares of the company’s stock after purchasing an additional 71,433 shares during the quarter. RWA Wealth Partners LLC owned approximately 2.29% of Schwab Municipal Bond ETF worth $3,619,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. BCO Wealth Management LLC purchased a new position in shares of Schwab Municipal Bond ETF in the fourth quarter worth about $722,000. Thrivent Financial for Lutherans boosted its holdings in Schwab Municipal Bond ETF by 100.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 9,794 shares of the company’s stock worth $253,000 after buying an additional 4,897 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Schwab Municipal Bond ETF by 211.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 31,875 shares of the company’s stock worth $819,000 after buying an additional 21,645 shares during the period. Carl Stuart Investment Advisor Inc. purchased a new position in Schwab Municipal Bond ETF in the 4th quarter valued at approximately $1,423,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Schwab Municipal Bond ETF by 100.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,368 shares of the company’s stock valued at $446,000 after acquiring an additional 8,684 shares during the period.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA:SCMB opened at $25.34 on Monday. Schwab Municipal Bond ETF has a 1 year low of $25.20 and a 1 year high of $26.37. The stock’s fifty day moving average price is $25.65 and its two-hundred day moving average price is $25.82.

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.