Avidian Wealth Enterprises LLC Acquires 2,232,098 Shares of Schwab Municipal Bond ETF $SCMB

Avidian Wealth Enterprises LLC bought a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,232,098 shares of the company’s stock, valued at approximately $53,927,000. Schwab Municipal Bond ETF accounts for 1.5% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCMB. Rosenberg Matthew Hamilton lifted its stake in Schwab Municipal Bond ETF by 1,328.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 157,341 shares of the company’s stock valued at $3,801,000 after acquiring an additional 146,328 shares in the last quarter. Wescott Financial Advisory Group LLC acquired a new stake in shares of Schwab Municipal Bond ETF in the fourth quarter valued at approximately $794,000. Fort Point Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 42,573 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Schwab Municipal Bond ETF in the first quarter worth $1,014,000. Finally, Charles Schwab Trust Co lifted its position in shares of Schwab Municipal Bond ETF by 11.1% in the second quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock worth $27,245,000 after purchasing an additional 105,691 shares in the last quarter.

Schwab Municipal Bond ETF Stock Down 0.0%

Schwab Municipal Bond ETF stock traded down $0.01 during mid-day trading on Thursday, reaching $23.91. The company’s stock had a trading volume of 1,500,298 shares, compared to its average volume of 1,849,571. Schwab Municipal Bond ETF has a 12 month low of $23.81 and a 12 month high of $26.20. The business’s 50 day simple moving average is $24.85 and its 200 day simple moving average is $25.34.

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.