34,000 Shares in Schwab Municipal Bond ETF $SCMB Purchased by MGO One Seven LLC

MGO One Seven LLC bought a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 34,000 shares of the company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aprio Wealth Management LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter worth about $862,000. Values Added Financial LLC increased its position in shares of Schwab Municipal Bond ETF by 1,399.4% during the 3rd quarter. Values Added Financial LLC now owns 173,170 shares of the company’s stock worth $4,184,000 after purchasing an additional 161,621 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in Schwab Municipal Bond ETF during the third quarter worth $394,000. Kingswood Wealth Advisors LLC lifted its stake in Schwab Municipal Bond ETF by 99.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 33,316 shares of the company’s stock valued at $805,000 after acquiring an additional 16,617 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in Schwab Municipal Bond ETF in the third quarter valued at $466,000.

Schwab Municipal Bond ETF Stock Performance

Shares of SCMB traded up $0.11 during midday trading on Friday, reaching $25.11. The stock had a trading volume of 4,177,446 shares, compared to its average volume of 2,140,776. The firm has a 50 day simple moving average of $24.53 and a 200-day simple moving average of $25.38. Schwab Municipal Bond ETF has a one year low of $23.81 and a one year high of $26.20.

About Schwab Municipal Bond ETF

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.