HighTower Advisors LLC Invests $210,000 in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

HighTower Advisors LLC acquired a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,005 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC acquired a new stake in Schwab Municipal Bond ETF during the third quarter worth about $26,000. Avior Wealth Management LLC acquired a new position in Schwab Municipal Bond ETF during the third quarter valued at approximately $149,000. Element Wealth LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 64.1% in the 3rd quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock valued at $193,000 after purchasing an additional 1,435 shares in the last quarter. Blackston Financial Advisory Group LLC acquired a new position in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $201,000. Finally, Miracle Mile Advisors LLC bought a new position in shares of Schwab Municipal Bond ETF in the third quarter worth about $201,000.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA SCMB opened at $25.61 on Thursday. Schwab Municipal Bond ETF has a twelve month low of $25.46 and a twelve month high of $26.37. The stock has a fifty day simple moving average of $25.89 and a 200 day simple moving average of $25.95.

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.