CAP Partners LLC Has $366,000 Stake in Schwab Municipal Bond ETF $SCMB

CAP Partners LLC lifted its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB) by 8.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,554 shares of the company’s stock after purchasing an additional 1,101 shares during the quarter. CAP Partners LLC’s holdings in Schwab Municipal Bond ETF were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SCMB. Janney Montgomery Scott LLC acquired a new position in shares of Schwab Municipal Bond ETF during the first quarter worth approximately $1,649,000. Perigon Wealth Management LLC acquired a new position in shares of Schwab Municipal Bond ETF during the first quarter worth approximately $4,190,000. Sequoia Financial Advisors LLC raised its position in shares of Schwab Municipal Bond ETF by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 18,462 shares of the company’s stock worth $468,000 after purchasing an additional 1,094 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of Schwab Municipal Bond ETF by 80.4% during the first quarter. Creative Financial Designs Inc. ADV now owns 57,492 shares of the company’s stock worth $1,459,000 after purchasing an additional 25,617 shares during the period. Finally, Cornerstone Advisors Asset Management LLC raised its position in shares of Schwab Municipal Bond ETF by 75.6% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 81,119 shares of the company’s stock worth $2,058,000 after purchasing an additional 34,924 shares during the period.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA:SCMB opened at $25.90 on Friday. The stock’s 50 day moving average is $25.51 and its 200-day moving average is $25.18. Schwab Municipal Bond ETF has a twelve month low of $24.21 and a twelve month high of $26.30.

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.