Charles Schwab Trust Co Buys 251,574 Shares of Schwab High Yield Bond ETF $SCYB

Charles Schwab Trust Co raised its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 189.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 384,155 shares of the company’s stock after purchasing an additional 251,574 shares during the quarter. Schwab High Yield Bond ETF accounts for 0.8% of Charles Schwab Trust Co’s portfolio, making the stock its 27th largest position. Charles Schwab Trust Co owned approximately 0.84% of Schwab High Yield Bond ETF worth $10,195,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in shares of Schwab High Yield Bond ETF in the 1st quarter valued at about $26,000. Larson Financial Group LLC raised its holdings in Schwab High Yield Bond ETF by 13,825.0% during the first quarter. Larson Financial Group LLC now owns 1,114 shares of the company’s stock worth $29,000 after buying an additional 1,106 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Schwab High Yield Bond ETF in the first quarter worth about $40,000. Blue Trust Inc. bought a new stake in shares of Schwab High Yield Bond ETF during the 1st quarter valued at $80,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Schwab High Yield Bond ETF by 64.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 3,090 shares of the company’s stock worth $81,000 after purchasing an additional 1,216 shares during the period.

Schwab High Yield Bond ETF Price Performance

Shares of NYSEARCA:SCYB opened at $26.66 on Friday. The business’s 50 day moving average price is $26.52 and its 200-day moving average price is $26.20. Schwab High Yield Bond ETF has a 1 year low of $24.73 and a 1 year high of $26.78. The firm has a market capitalization of $1.29 billion, a PE ratio of 60.28 and a beta of 0.33.

About Schwab High Yield Bond ETF

The Schwab High Yield Bond ETF (SCYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield, US corporate bonds, selected and weighted based on market value. SCYB was launched on Jul 11, 2023 and is managed by Charles Schwab.