48,690 Shares in Schwab Municipal Bond ETF $SCMB Bought by Verus Financial Partners Inc.

Verus Financial Partners Inc. bought a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 48,690 shares of the company’s stock, valued at approximately $1,176,000.

Several other hedge funds have also bought and sold shares of SCMB. Root Financial Partners LLC purchased a new position in Schwab Municipal Bond ETF in the 3rd quarter worth approximately $45,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at $50,000. RMG Wealth Management LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter valued at $237,000. Greenspring Advisors LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at $251,000. Finally, Breakwater Capital Group lifted its holdings in shares of Schwab Municipal Bond ETF by 15.9% during the 2nd quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock worth $292,000 after acquiring an additional 1,550 shares during the last quarter.

Schwab Municipal Bond ETF Stock Up 0.5%

Shares of SCMB stock opened at $24.84 on Friday. The business has a 50-day moving average price of $24.57 and a two-hundred day moving average price of $25.40. Schwab Municipal Bond ETF has a 12-month low of $23.81 and a 12-month 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.