Coastal Bridge Advisors LLC Has $633,000 Holdings in Schwab Municipal Bond ETF $SCMB

Coastal Bridge Advisors LLC decreased its holdings in Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 47.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 24,726 shares of the company’s stock after selling 22,476 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Schwab Municipal Bond ETF were worth $633,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC purchased a new stake in shares of Schwab Municipal Bond ETF in the third quarter worth approximately $57,000. Raymond James Financial Inc. bought a new stake in Schwab Municipal Bond ETF during the second quarter worth $110,000. Ameritas Advisory Services LLC bought a new stake in Schwab Municipal Bond ETF during the second quarter worth $139,000. Chapman Financial Group LLC purchased a new stake in Schwab Municipal Bond ETF in the 2nd quarter valued at $146,000. Finally, Howe & Rusling Inc. bought a new position in Schwab Municipal Bond ETF during the 2nd quarter valued at $206,000.

Schwab Municipal Bond ETF Price Performance

SCMB opened at $25.88 on Friday. 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 moving average price is $25.81 and its two-hundred day moving average price is $25.57.

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.