Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Schwab Municipal Bond ETF $SCMB

Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 252.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,350 shares of the company’s stock after purchasing an additional 91,233 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.09% of Schwab Municipal Bond ETF worth $3,281,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Harbour Investments Inc. lifted its stake in shares of Schwab Municipal Bond ETF by 8.6% during the 4th quarter. Harbour Investments Inc. now owns 11,873 shares of the company’s stock worth $306,000 after purchasing an additional 944 shares during the last quarter. MSH Capital Advisors LLC purchased a new stake in Schwab Municipal Bond ETF in the fourth quarter valued at about $357,000. Clearstead Advisors LLC raised its stake in Schwab Municipal Bond ETF by 1,818.2% in the fourth quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock valued at $84,000 after buying an additional 3,091 shares during the last quarter. Burling Wealth Partners LLC raised its stake in Schwab Municipal Bond ETF by 18.8% in the fourth quarter. Burling Wealth Partners LLC now owns 12,625 shares of the company’s stock valued at $325,000 after buying an additional 2,000 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Schwab Municipal Bond ETF by 240.5% in the fourth quarter. IFP Advisors Inc now owns 43,603 shares of the company’s stock valued at $1,123,000 after buying an additional 30,798 shares during the last quarter.

Schwab Municipal Bond ETF Trading Up 0.1%

Schwab Municipal Bond ETF stock opened at $25.68 on Friday. The stock has a 50-day moving average of $25.60 and a two-hundred day moving average of $25.76. Schwab Municipal Bond ETF has a one year low of $24.81 and a one year high of $26.20.

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.