Schwab Municipal Bond ETF $SCMB Shares Acquired by Fort Point Capital Partners LLC

Fort Point Capital Partners LLC increased its position in 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 firm owned 762,050 shares of the company’s stock after buying an additional 42,573 shares during the quarter. Schwab Municipal Bond ETF comprises approximately 2.2% of Fort Point Capital Partners LLC’s holdings, making the stock its 10th largest position. Fort Point Capital Partners LLC owned approximately 0.57% of Schwab Municipal Bond ETF worth $19,775,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Schwab Municipal Bond ETF by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,617,520 shares of the company’s stock valued at $1,690,307,000 after buying an additional 5,793,290 shares during the period. Charles Schwab Trust Co lifted its holdings in shares of Schwab Municipal Bond ETF by 14.2% in the fourth quarter. Charles Schwab Trust Co now owns 916,075 shares of the company’s stock valued at $23,598,000 after buying an additional 113,942 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Schwab Municipal Bond ETF by 600.5% in the third quarter. JPMorgan Chase & Co. now owns 902,316 shares of the company’s stock valued at $23,108,000 after buying an additional 773,503 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of Schwab Municipal Bond ETF by 14.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 894,144 shares of the company’s stock valued at $23,033,000 after buying an additional 113,208 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Schwab Municipal Bond ETF by 32.8% in the third quarter. Bank of America Corp DE now owns 602,985 shares of the company’s stock valued at $15,442,000 after buying an additional 148,996 shares during the period.

Schwab Municipal Bond ETF Stock Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.66 on Friday. 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 has a fifty-two week low of $24.81 and a fifty-two week high of $26.20.

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.