Elm3 Financial Group LLC Buys 44,258 Shares of Schwab High Yield Bond ETF $SCYB

Elm3 Financial Group LLC increased its position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 47.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,835 shares of the company’s stock after purchasing an additional 44,258 shares during the quarter. Schwab High Yield Bond ETF accounts for 2.3% of Elm3 Financial Group LLC’s portfolio, making the stock its 9th largest position. Elm3 Financial Group LLC owned 0.12% of Schwab High Yield Bond ETF worth $3,479,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the second quarter worth about $103,000. Compass Financial Management LLC purchased a new position in Schwab High Yield Bond ETF in the second quarter valued at about $150,000. Balboa Wealth Partners purchased a new position in Schwab High Yield Bond ETF in the first quarter valued at about $212,000. Axis Wealth Partners LLC grew its stake in Schwab High Yield Bond ETF by 13.1% during the 1st quarter. Axis Wealth Partners LLC now owns 8,669 shares of the company’s stock valued at $225,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Burney Co. acquired a new stake in Schwab High Yield Bond ETF during the 1st quarter valued at approximately $298,000.

Schwab High Yield Bond ETF Stock Down 0.2%

Shares of SCYB traded down $0.04 during trading on Wednesday, reaching $25.17. The company’s stock had a trading volume of 1,173,755 shares, compared to its average volume of 1,166,236. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The company has a fifty day moving average of $25.79 and a two-hundred day moving average of $26.00. Schwab High Yield Bond ETF has a twelve month low of $24.91 and a twelve month high of $26.72.

Schwab High Yield Bond ETF Company Profile

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.