Root Financial Partners LLC Makes New $381,000 Investment in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Root Financial Partners LLC purchased a new stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,839 shares of the company’s stock, valued at approximately $381,000. Root Financial Partners LLC owned about 0.24% of Schwab Municipal Bond ETF at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SCMB. 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 raised its position in shares of Schwab Municipal Bond ETF by 166.7% during the 3rd quarter. Continuum Advisory LLC now owns 800 shares of the company’s stock valued at $42,000 after buying an additional 500 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Schwab Municipal Bond ETF by 100.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,686 shares of the company’s stock valued at $146,000 after buying an additional 2,843 shares in the last quarter. Element Wealth LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 64.1% during the 3rd quarter. Element Wealth LLC now owns 3,675 shares of the company’s stock worth $193,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC purchased a new position in Schwab Municipal Bond ETF in the third quarter worth $201,000.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA SCMB opened at $25.69 on Friday. The stock’s 50-day simple moving average is $25.72 and its two-hundred day simple moving average is $25.91. Schwab Municipal Bond ETF has a twelve month low of $25.37 and a twelve 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.