Wescott Financial Advisory Group LLC Makes New Investment in Schwab Municipal Bond ETF $SCMB

Wescott Financial Advisory Group LLC bought a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 30,817 shares of the company’s stock, valued at approximately $794,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Schwab Municipal Bond ETF by 600.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after acquiring an additional 773,503 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Schwab Municipal Bond ETF by 245.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 489,805 shares of the company’s stock valued at $12,652,000 after acquiring an additional 348,114 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Schwab Municipal Bond ETF by 143.5% in the 2nd quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock valued at $13,145,000 after acquiring an additional 307,645 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Schwab Municipal Bond ETF by 32.8% in the 3rd quarter. Bank of America Corp DE now owns 602,985 shares of the company’s stock valued at $15,442,000 after acquiring an additional 148,996 shares in the last quarter. Finally, Charles Schwab Trust Co raised its holdings in shares of Schwab Municipal Bond ETF by 14.2% in the 4th quarter. Charles Schwab Trust Co now owns 916,075 shares of the company’s stock valued at $23,598,000 after acquiring an additional 113,942 shares in the last quarter.

Schwab Municipal Bond ETF Stock Up 0.1%

NYSEARCA:SCMB opened at $25.66 on Friday. The business’s 50-day moving average price is $25.62 and its two-hundred day moving average price is $25.75. Schwab Municipal Bond ETF has a twelve month low of $24.81 and a twelve 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.