Coastal Bridge Advisors LLC Sells 22,476 Shares of Schwab Municipal Bond ETF $SCMB

Coastal Bridge Advisors LLC cut its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 47.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,726 shares of the company’s stock after selling 22,476 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Breakwater Investment Management raised its stake in Schwab Municipal Bond ETF by 310.7% during the third quarter. Breakwater Investment Management now owns 40,006 shares of the company’s stock worth $1,025,000 after buying an additional 30,266 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Schwab Municipal Bond ETF by 15.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 75,000 shares of the company’s stock worth $1,888,000 after acquiring an additional 10,000 shares during the period. Corient Private Wealth LLC bought a new position in shares of Schwab Municipal Bond ETF in the 2nd quarter worth about $665,000. Avidian Wealth Enterprises LLC acquired a new position in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at about $1,948,000. Finally, Shared Vision Wealth Group LLC bought a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter valued at about $829,000.

Schwab Municipal Bond ETF Price Performance

NYSEARCA SCMB opened at $25.88 on Friday. The business has a 50 day simple moving average of $25.81 and a 200 day simple moving average of $25.57. Schwab Municipal Bond ETF has a one year low of $24.21 and a one year high of $26.00.

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.