Ferguson Wellman Capital Management Inc. Takes Position in Schwab Municipal Bond ETF $SCMB

Ferguson Wellman Capital Management Inc. purchased a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,654 shares of the company’s stock, valued at approximately $4,552,000. Ferguson Wellman Capital Management Inc. owned about 0.13% of Schwab Municipal Bond ETF at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new stake in Schwab Municipal Bond ETF during the 4th quarter valued at about $26,000. McIlrath & Eck LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter worth about $34,000. JDM Financial Group LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter worth about $38,000. Aptus Capital Advisors LLC grew its stake in Schwab Municipal Bond ETF by 742.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock worth $44,000 after acquiring an additional 1,521 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Schwab Municipal Bond ETF during the fourth quarter worth approximately $69,000.

Schwab Municipal Bond ETF Price Performance

Schwab Municipal Bond ETF stock opened at $25.68 on Monday. The company has a 50 day moving average price of $25.66 and a 200-day moving average price of $25.75. Schwab Municipal Bond ETF has a fifty-two week low of $24.81 and a fifty-two week high of $26.20.

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.