TSA Wealth Managment LLC Buys 14,271 Shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB)

TSA Wealth Managment LLC boosted its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,540 shares of the company’s stock after purchasing an additional 14,271 shares during the quarter. TSA Wealth Managment LLC owned about 0.46% of Schwab Municipal Bond ETF worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bedel Financial Consulting Inc. grew its stake in shares of Schwab Municipal Bond ETF by 118.5% during the fourth quarter. Bedel Financial Consulting Inc. now owns 9,948 shares of the company’s stock worth $256,000 after acquiring an additional 5,395 shares during the last quarter. Meridian Wealth Management LLC grew its stake in shares of Schwab Municipal Bond ETF by 593.4% during the fourth quarter. Meridian Wealth Management LLC now owns 55,245 shares of the company’s stock worth $1,419,000 after acquiring an additional 47,278 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth about $2,048,000. Flputnam Investment Management Co. grew its stake in shares of Schwab Municipal Bond ETF by 100.0% during the fourth quarter. Flputnam Investment Management Co. now owns 26,592 shares of the company’s stock worth $683,000 after acquiring an additional 13,296 shares during the last quarter. Finally, LifeGoal Wealth Advisors purchased a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth about $229,000.

Schwab Municipal Bond ETF Stock Performance

Shares of SCMB stock opened at $25.83 on Tuesday. Schwab Municipal Bond ETF has a fifty-two week low of $25.37 and a fifty-two week high of $26.37. The stock’s 50-day simple moving average is $25.69 and its 200-day simple moving average is $25.89.

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.