Northeast Financial Group Inc. Buys New Position in Schwab Municipal Bond ETF (NYSEARCA:SCMB)

Northeast Financial Group Inc. bought a new stake in Schwab Municipal Bond ETF (NYSEARCA:SCMB) during the fourth quarter, HoldingsChannel.com reports. The fund bought 65,185 shares of the company’s stock, valued at approximately $1,674,000.

Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Schwab Municipal Bond ETF by 44.9% in the third quarter. JPMorgan Chase & Co. now owns 58,155 shares of the company’s stock valued at $3,055,000 after buying an additional 18,014 shares during the last quarter. HighTower Advisors LLC acquired a new position in Schwab Municipal Bond ETF in the 3rd quarter valued at $210,000. B. Riley Wealth Advisors Inc. raised its holdings in Schwab Municipal Bond ETF by 24.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,800 shares of the company’s stock valued at $777,000 after acquiring an additional 2,875 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF by 12.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 539,702 shares of the company’s stock worth $13,860,000 after purchasing an additional 58,543 shares during the period. Finally, VanderPol Investments L.L.C. boosted its holdings in shares of Schwab Municipal Bond ETF by 93.8% during the fourth quarter. VanderPol Investments L.L.C. now owns 80,182 shares of the company’s stock worth $2,059,000 after purchasing an additional 38,800 shares during the last quarter.

Schwab Municipal Bond ETF Stock Performance

SCMB opened at $25.73 on Thursday. The business has a 50-day moving average of $25.78 and a two-hundred day moving average of $25.92. Schwab Municipal Bond ETF has a 12 month low of $25.37 and a 12 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.