Schwab Municipal Bond ETF $SCMB is Fort Point Capital Partners LLC’s 10th Largest Position

Fort Point Capital Partners LLC grew its stake in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 762,050 shares of the company’s stock after purchasing an additional 42,573 shares during the period. Schwab Municipal Bond ETF comprises about 2.2% of Fort Point Capital Partners LLC’s holdings, making the stock its 10th biggest holding. Fort Point Capital Partners LLC’s holdings in Schwab Municipal Bond ETF were worth $19,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Kestra Advisory Services LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 1.9% during the fourth quarter. Kestra Advisory Services LLC now owns 31,282 shares of the company’s stock valued at $806,000 after purchasing an additional 592 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 3.2% during the fourth quarter. Clear Creek Financial Management LLC now owns 20,764 shares of the company’s stock valued at $535,000 after purchasing an additional 649 shares during the last quarter. Advyzon Investment Management LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 3.6% during the fourth quarter. Advyzon Investment Management LLC now owns 20,764 shares of the company’s stock valued at $535,000 after purchasing an additional 724 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Schwab Municipal Bond ETF by 8.6% during the fourth quarter. Harbour Investments Inc. now owns 11,873 shares of the company’s stock valued at $306,000 after purchasing an additional 944 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter valued at $26,000.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA SCMB opened at $25.66 on Friday. Schwab Municipal Bond ETF has a 12 month low of $24.81 and a 12 month high of $26.20. The business has a fifty day simple moving average of $25.63 and a 200-day simple moving average of $25.75.

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.