VCI Wealth Management LLC Makes New Investment in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

VCI Wealth Management LLC acquired a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,150 shares of the company’s stock, valued at approximately $376,000.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in Schwab Municipal Bond ETF during the 3rd quarter valued at $25,000. CVA Family Office LLC bought a new position in Schwab Municipal Bond ETF in the fourth quarter valued at about $64,000. Miracle Mile Advisors LLC bought a new position in Schwab Municipal Bond ETF in the fourth quarter valued at about $201,000. B. Riley Wealth Advisors Inc. bought a new position in Schwab Municipal Bond ETF in the third quarter valued at about $227,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Schwab Municipal Bond ETF by 118.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,747 shares of the company’s stock valued at $302,000 after purchasing an additional 3,117 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of Schwab Municipal Bond ETF stock traded down $0.15 during midday trading on Thursday, reaching $51.24. The company had a trading volume of 30,387 shares, compared to its average volume of 44,672. The stock has a fifty day moving average price of $51.91 and a 200 day moving average price of $51.48. Schwab Municipal Bond ETF has a fifty-two week low of $48.56 and a fifty-two week high of $52.70.

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.