Shared Vision Wealth Group LLC Takes $829,000 Position in Schwab Municipal Bond ETF $SCMB

Shared Vision Wealth Group LLC purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 32,000 shares of the company’s stock, valued at approximately $829,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in shares of Schwab Municipal Bond ETF in the 1st quarter worth approximately $1,248,000. Jane Street Group LLC grew its position in Schwab Municipal Bond ETF by 125.0% during the first quarter. Jane Street Group LLC now owns 214,377 shares of the company’s stock valued at $5,439,000 after purchasing an additional 119,105 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Schwab Municipal Bond ETF by 136.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 134,584 shares of the company’s stock valued at $3,377,000 after purchasing an additional 77,574 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in Schwab Municipal Bond ETF by 8.9% in the second quarter. Perigon Wealth Management LLC now owns 179,898 shares of the company’s stock worth $4,530,000 after buying an additional 14,740 shares during the last quarter. Finally, Vestia Personal Wealth Advisors acquired a new stake in shares of Schwab Municipal Bond ETF in the 2nd quarter valued at $472,000.

Schwab Municipal Bond ETF Trading Down 0.4%

NYSEARCA:SCMB opened at $25.90 on Wednesday. Schwab Municipal Bond ETF has a 1 year low of $24.21 and a 1 year high of $26.00. The firm’s fifty day simple moving average is $25.80 and its 200 day simple moving average is $25.54.

Schwab Municipal Bond ETF 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.