B. Riley Wealth Advisors Inc. Boosts Stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

B. Riley Wealth Advisors Inc. lifted its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,800 shares of the company’s stock after purchasing an additional 2,875 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Schwab Municipal Bond ETF were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SCMB. HighTower Advisors LLC purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at about $210,000. Donaldson Capital Management LLC lifted its position in shares of Schwab Municipal Bond ETF by 61.0% in the third quarter. Donaldson Capital Management LLC now owns 17,641 shares of the company’s stock valued at $927,000 after acquiring an additional 6,685 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Schwab Municipal Bond ETF by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 31,507 shares of the company’s stock valued at $1,655,000 after acquiring an additional 1,670 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Schwab Municipal Bond ETF by 27.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 10,230 shares of the company’s stock worth $537,000 after acquiring an additional 2,219 shares during the last quarter. Finally, Creative Planning acquired a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at $1,002,000.

Schwab Municipal Bond ETF Trading Down 0.3 %

Shares of NYSEARCA SCMB opened at $25.72 on Friday. The firm has a 50-day simple moving average of $25.85 and a 200-day simple moving average of $25.94. Schwab Municipal Bond ETF has a 52 week low of $25.46 and a 52 week high of $26.37.

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.