Beaird Harris Wealth Management LLC Has $4.30 Million Stake in Schwab Municipal Bond ETF $SCMB

Beaird Harris Wealth Management LLC reduced its stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,612 shares of the company’s stock after selling 25,850 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Schwab Municipal Bond ETF were worth $4,302,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Schwab Municipal Bond ETF by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock worth $1,690,307,000 after purchasing an additional 5,793,290 shares during the period. Bank of America Corp DE raised its stake in shares of Schwab Municipal Bond ETF by 3,354.2% in the 1st quarter. Bank of America Corp DE now owns 21,959,386 shares of the company’s stock valued at $559,525,000 after purchasing an additional 21,323,660 shares during the period. Fort Point Capital Partners LLC raised its stake in shares of Schwab Municipal Bond ETF by 5.9% in the 4th quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after purchasing an additional 42,573 shares during the period. United Capital Financial Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 23.3% in the third quarter. United Capital Financial Advisors LLC now owns 569,983 shares of the company’s stock valued at $14,597,000 after purchasing an additional 107,707 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 143.5% in the second quarter. Jane Street Group LLC now owns 522,022 shares of the company’s stock valued at $13,145,000 after purchasing an additional 307,645 shares in the last quarter.

Schwab Municipal Bond ETF Stock Up 0.3%

SCMB stock opened at $25.41 on Friday. Schwab Municipal Bond ETF has a fifty-two week low of $25.02 and a fifty-two week high of $26.20. The business has a 50-day moving average of $25.60 and a 200-day moving average of $25.69.

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.