CVA Family Office LLC Invests $64,000 in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

CVA Family Office LLC bought a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,209 shares of the company’s stock, valued at approximately $64,000.

A number of other hedge funds have also recently added to or reduced their stakes in SCMB. UBS Group AG acquired a new stake in Schwab Municipal Bond ETF during the 4th quarter worth $128,000. Cetera Advisors LLC acquired a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth about $293,000. Cetera Investment Advisers purchased a new position in shares of Schwab Municipal Bond ETF during the fourth quarter worth about $814,000. Cetera Advisor Networks LLC acquired a new position in Schwab Municipal Bond ETF in the 4th quarter valued at about $327,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth approximately $450,000.

Schwab Municipal Bond ETF Stock Performance

Shares of Schwab Municipal Bond ETF stock opened at $52.07 on Thursday. The firm has a fifty day moving average of $52.18 and a two-hundred day moving average of $51.26. Schwab Municipal Bond ETF has a one year low of $48.56 and a one year high of $52.80.

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.