Creative Financial Designs Inc. ADV Increases Stock Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Creative Financial Designs Inc. ADV increased its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 211.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,875 shares of the company’s stock after buying an additional 21,645 shares during the period. Creative Financial Designs Inc. ADV owned 0.52% of Schwab Municipal Bond ETF worth $819,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Schwab Municipal Bond ETF by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 58,155 shares of the company’s stock worth $3,055,000 after buying an additional 18,014 shares in the last quarter. HighTower Advisors LLC acquired a new position in Schwab Municipal Bond ETF during the third quarter worth $210,000. B. Riley Wealth Advisors Inc. raised its position in Schwab Municipal Bond ETF by 24.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 14,800 shares of the company’s stock worth $777,000 after acquiring an additional 2,875 shares during the period. IFP Advisors Inc raised its position in Schwab Municipal Bond ETF by 100.0% during the fourth quarter. IFP Advisors Inc now owns 3,290 shares of the company’s stock worth $84,000 after acquiring an additional 1,645 shares during the period. Finally, Truist Financial Corp acquired a new position in Schwab Municipal Bond ETF during the fourth quarter worth $135,000.

Schwab Municipal Bond ETF Stock Performance

NYSEARCA:SCMB opened at $25.52 on Tuesday. The company has a fifty day moving average of $25.68 and a two-hundred day moving average of $25.86. Schwab Municipal Bond ETF has a fifty-two week low of $25.37 and a fifty-two week 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.