AdvisorNet Financial Inc Has $825,000 Stock Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

AdvisorNet Financial Inc raised its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 108.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,128 shares of the company’s stock after acquiring an additional 16,699 shares during the period. AdvisorNet Financial Inc’s holdings in Schwab Municipal Bond ETF were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in Schwab Municipal Bond ETF by 18.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 38,840 shares of the company’s stock valued at $1,996,000 after purchasing an additional 6,082 shares in the last quarter. Susquehanna International Group LLP lifted its position in Schwab Municipal Bond ETF by 578.0% during the 2nd quarter. Susquehanna International Group LLP now owns 186,259 shares of the company’s stock worth $9,574,000 after buying an additional 158,786 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Schwab Municipal Bond ETF by 160.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 11,925 shares of the company’s stock worth $613,000 after acquiring an additional 7,350 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Schwab Municipal Bond ETF in the 3rd quarter valued at about $201,000. Finally, Myecfo LLC raised its stake in shares of Schwab Municipal Bond ETF by 6.4% in the third quarter. Myecfo LLC now owns 62,279 shares of the company’s stock worth $3,277,000 after acquiring an additional 3,759 shares during the last quarter.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $25.54 on Thursday. The company’s 50 day simple moving average is $25.83 and its 200-day simple moving average is $25.93. Schwab Municipal Bond ETF has a one year low of $25.37 and a one year high of $26.37.

About Schwab Municipal Bond ETF

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.