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

Beaird Harris Wealth Management LLC trimmed its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & 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 owned 0.11% of Schwab Municipal Bond ETF worth $4,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wescott Financial Advisory Group LLC acquired a new stake in Schwab Municipal Bond ETF during the 4th quarter worth $794,000. NewCorp Financial Services Inc. acquired a new position in Schwab Municipal Bond ETF in the fourth quarter valued at about $905,000. Fort Point Capital Partners LLC grew its stake in Schwab Municipal Bond ETF by 5.9% in the fourth quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after acquiring an additional 42,573 shares during the period. IFP Advisors Inc increased its holdings in shares of Schwab Municipal Bond ETF by 240.5% in the fourth quarter. IFP Advisors Inc now owns 43,603 shares of the company’s stock worth $1,123,000 after acquiring an additional 30,798 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of Schwab Municipal Bond ETF by 32.1% in the fourth quarter. Manning & Napier Advisors LLC now owns 107,109 shares of the company’s stock worth $2,759,000 after acquiring an additional 26,020 shares in the last quarter.

Schwab Municipal Bond ETF Stock Up 0.3%

NYSEARCA SCMB opened at $25.41 on Friday. The stock’s 50-day moving average is $25.60 and its 200-day moving average is $25.69. Schwab Municipal Bond ETF has a one year low of $25.02 and a one year high of $26.20.

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.