TSA Wealth Managment LLC Raises Stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

TSA Wealth Managment LLC boosted its position in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 100.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,540 shares of the company’s stock after purchasing an additional 14,271 shares during the period. TSA Wealth Managment LLC’s holdings in Schwab Municipal Bond ETF were worth $733,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF in the third quarter valued at approximately $26,000. Continuum Advisory LLC boosted its position in Schwab Municipal Bond ETF by 166.7% in the third quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after buying an additional 500 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in Schwab Municipal Bond ETF in the third quarter valued at approximately $149,000. IFP Advisors Inc boosted its position 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 during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Schwab Municipal Bond ETF in the third quarter valued at approximately $210,000.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA:SCMB opened at $25.83 on Tuesday. Schwab Municipal Bond ETF has a 12-month low of $25.37 and a 12-month high of $26.37. The business has a 50 day moving average of $25.69 and a two-hundred day moving average of $25.89.

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.