Resonant Capital Advisors LLC Purchases New Holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Resonant Capital Advisors LLC purchased a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,697 shares of the company’s stock, valued at approximately $840,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northeast Financial Group Inc. bought a new stake in Schwab Municipal Bond ETF during the fourth quarter worth $1,674,000. VanderPol Investments L.L.C. lifted its stake in Schwab Municipal Bond ETF by 93.8% during the fourth quarter. VanderPol Investments L.L.C. now owns 80,182 shares of the company’s stock worth $2,059,000 after purchasing an additional 38,800 shares during the last quarter. VCI Wealth Management LLC lifted its stake in Schwab Municipal Bond ETF by 96.8% during the fourth quarter. VCI Wealth Management LLC now owns 17,684 shares of the company’s stock worth $454,000 after purchasing an additional 8,698 shares during the last quarter. Galvin Gaustad & Stein LLC lifted its stake in Schwab Municipal Bond ETF by 101.5% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 17,790 shares of the company’s stock worth $457,000 after purchasing an additional 8,961 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,686 shares of the company’s stock worth $146,000 after purchasing an additional 2,843 shares during the last quarter.

Schwab Municipal Bond ETF Trading Down 0.3 %

Shares of NYSEARCA:SCMB opened at $25.72 on Monday. The company has a fifty day moving average of $25.77 and a 200-day moving average of $25.92. Schwab Municipal Bond ETF has a 52-week low of $25.37 and a 52-week high of $26.37.

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.