Root Financial Partners LLC Takes Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Root Financial Partners LLC bought a new position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the 4th quarter, Holdings Channel.com reports. The firm bought 14,839 shares of the company’s stock, valued at approximately $381,000.

A number of other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 166.7% during the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 500 shares during the period. Larson Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF in the 3rd quarter worth approximately $26,000. Captrust Financial Advisors grew its position in shares of Schwab Municipal Bond ETF by 3.5% in the 3rd quarter. Captrust Financial Advisors now owns 20,888 shares of the company’s stock worth $1,097,000 after buying an additional 700 shares during the last quarter. Element Wealth LLC increased its stake in shares of Schwab Municipal Bond ETF by 64.1% during the third quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock valued at $193,000 after buying an additional 1,435 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Schwab Municipal Bond ETF by 5.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 31,507 shares of the company’s stock valued at $1,655,000 after acquiring an additional 1,670 shares in the last quarter.

Schwab Municipal Bond ETF Stock Up 0.4 %

Shares of SCMB stock opened at $25.69 on Friday. The stock has a fifty day moving average of $25.72 and a 200 day moving average of $25.91. Schwab Municipal Bond ETF has a 52 week low of $25.37 and a 52 week high of $26.37.

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.