Carl Stuart Investment Advisor Inc. Makes New Investment in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Carl Stuart Investment Advisor Inc. purchased a new position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 55,424 shares of the company’s stock, valued at approximately $1,423,000. Schwab Municipal Bond ETF makes up 0.8% of Carl Stuart Investment Advisor Inc.’s portfolio, making the stock its 8th largest position.

Several other institutional investors also recently modified their holdings of the business. Continuum Advisory LLC grew its holdings in Schwab Municipal Bond ETF by 166.7% during the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares during the period. Larson Financial Group LLC bought a new position in Schwab Municipal Bond ETF in the third quarter valued at approximately $26,000. Captrust Financial Advisors lifted its stake in Schwab Municipal Bond ETF by 3.5% in the third quarter. Captrust Financial Advisors now owns 20,888 shares of the company’s stock valued at $1,097,000 after buying an additional 700 shares in the last quarter. IFP Advisors Inc lifted its stake in Schwab Municipal Bond ETF by 100.0% in the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock valued at $84,000 after buying an additional 1,645 shares in the last quarter. Finally, Family Capital Management Inc. lifted its stake in Schwab Municipal Bond ETF by 26.8% in the third quarter. Family Capital Management Inc. now owns 8,903 shares of the company’s stock valued at $468,000 after buying an additional 1,880 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of SCMB stock opened at $25.52 on Thursday. The company’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $25.87. Schwab Municipal Bond ETF has a 12 month low of $25.37 and a 12 month high of $26.37.

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.