NewCorp Financial Services Inc. Purchases Shares of 35,138 Schwab Municipal Bond ETF $SCMB

NewCorp Financial Services Inc. purchased a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 35,138 shares of the company’s stock, valued at approximately $905,000. Schwab Municipal Bond ETF comprises about 0.8% of NewCorp Financial Services Inc.’s portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of Schwab Municipal Bond ETF by 33.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 428,185 shares of the company’s stock worth $10,966,000 after buying an additional 107,943 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $513,000. JPMorgan Chase & Co. increased its holdings in shares of Schwab Municipal Bond ETF by 600.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock worth $23,108,000 after buying an additional 773,503 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the 3rd quarter worth $515,000. Finally, CGN Advisors LLC increased its holdings in shares of Schwab Municipal Bond ETF by 8.3% during the 4th quarter. CGN Advisors LLC now owns 294,181 shares of the company’s stock worth $7,578,000 after buying an additional 22,520 shares during the last quarter.

Schwab Municipal Bond ETF Stock Performance

SCMB stock opened at $25.68 on Monday. The business has a fifty day simple moving average of $25.58 and a 200-day simple moving average of $25.76. Schwab Municipal Bond ETF has a 52 week low of $24.81 and a 52 week high of $26.20.

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.