Schwab Municipal Bond ETF $SCMB Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC raised its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 1,901.1% in the 3rd quarter, Holdings Channel reports. The fund owned 1,547,955 shares of the company’s stock after acquiring an additional 1,470,600 shares during the period. Schwab Municipal Bond ETF accounts for approximately 1.5% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 16th biggest position. Avidian Wealth Enterprises LLC’s holdings in Schwab Municipal Bond ETF were worth $39,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Schwab Municipal Bond ETF by 4,409.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 52,643,707 shares of the company’s stock worth $1,325,569,000 after purchasing an additional 51,476,356 shares in the last quarter. Jane Street Group LLC increased its position in Schwab Municipal Bond ETF by 143.5% during the 2nd quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock worth $13,145,000 after purchasing an additional 307,645 shares during the period. Charles Schwab Trust Co raised its stake in shares of Schwab Municipal Bond ETF by 38.7% during the 2nd quarter. Charles Schwab Trust Co now owns 733,104 shares of the company’s stock worth $18,460,000 after buying an additional 204,665 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab Municipal Bond ETF by 44.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 320,242 shares of the company’s stock valued at $8,064,000 after buying an additional 99,133 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at approximately $2,311,000.

Schwab Municipal Bond ETF Stock Performance

Shares of NYSEARCA SCMB opened at $25.90 on Wednesday. Schwab Municipal Bond ETF has a one year low of $24.21 and a one year high of $26.00. The company’s fifty day moving average is $25.80 and its two-hundred day moving average is $25.54.

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.