Shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) saw unusually-strong trading volume on Monday. 2,566,059 shares were traded during trading, an increase of 119% from the average daily volume of 1,171,041 shares. The stock last traded at $25.1050 and had previously closed at $25.23.
Schwab High Yield Bond ETF Stock Performance
The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The business’s 50-day simple moving average is $25.49 and its 200-day simple moving average is $26.02.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Trust Co increased its stake in Schwab High Yield Bond ETF by 0.8% in the second quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock valued at $13,332,000 after acquiring an additional 3,814 shares during the last quarter. Dahring Cusmano LLC lifted its stake in shares of Schwab High Yield Bond ETF by 7.2% in the 1st quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock valued at $9,006,000 after purchasing an additional 23,209 shares during the period. Hidden Cove Wealth Management LLC grew its holdings in Schwab High Yield Bond ETF by 449.3% in the third quarter. Hidden Cove Wealth Management LLC now owns 199,556 shares of the company’s stock worth $5,037,000 after purchasing an additional 163,227 shares during the period. Columbus Macro LLC bought a new position in Schwab High Yield Bond ETF in the third quarter worth approximately $4,910,000. Finally, MFG Wealth Management Inc. raised its holdings in Schwab High Yield Bond ETF by 7.7% during the second quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock worth $3,932,000 after buying an additional 10,739 shares during the last quarter.
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.
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