Pure Portfolios Holdings LLC boosted its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 37.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,263 shares of the company’s stock after purchasing an additional 32,515 shares during the period. Schwab Municipal Bond ETF accounts for approximately 1.0% of Pure Portfolios Holdings LLC’s portfolio, making the stock its 23rd biggest position. Pure Portfolios Holdings LLC owned about 0.13% of Schwab Municipal Bond ETF worth $3,080,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter worth about $32,000. Raymond James Financial Inc. acquired a new position in Schwab Municipal Bond ETF in the second quarter worth approximately $110,000. Ameritas Advisory Services LLC bought a new position in Schwab Municipal Bond ETF during the second quarter valued at approximately $139,000. Chapman Financial Group LLC acquired a new stake in Schwab Municipal Bond ETF in the second quarter valued at approximately $146,000. Finally, Breakwater Capital Group bought a new stake in Schwab Municipal Bond ETF in the second quarter worth approximately $206,000.
Schwab Municipal Bond ETF Stock Performance
Shares of SCMB opened at $25.73 on Thursday. The company’s fifty day moving average is $25.80 and its 200-day moving average is $25.43. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $25.97.
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.
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