Charles Schwab Investment Management Inc. Acquires 8,596,621 Shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB)

Charles Schwab Investment Management Inc. raised its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 215.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,578,533 shares of the company’s stock after acquiring an additional 8,596,621 shares during the period. Charles Schwab Investment Management Inc. owned approximately 4.41% of Schwab High Yield Bond ETF worth $329,054,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SCYB. Jane Street Group LLC bought a new position in Schwab High Yield Bond ETF in the third quarter worth approximately $748,000. Salem Investment Counselors Inc. acquired a new stake in Schwab High Yield Bond ETF in the fourth quarter worth about $180,000. Wedmont Private Capital purchased a new stake in Schwab High Yield Bond ETF during the 4th quarter worth approximately $1,081,000. Sightline Wealth Advisors LLC increased its position in shares of Schwab High Yield Bond ETF by 104.6% in the 4th quarter. Sightline Wealth Advisors LLC now owns 8,352 shares of the company’s stock valued at $218,000 after acquiring an additional 4,269 shares during the period. Finally, Breakwater Investment Management raised its stake in shares of Schwab High Yield Bond ETF by 100.0% in the fourth quarter. Breakwater Investment Management now owns 3,394 shares of the company’s stock worth $89,000 after purchasing an additional 1,697 shares during the last quarter.

Schwab High Yield Bond ETF Stock Down 0.3 %

NYSEARCA:SCYB opened at $26.26 on Thursday. Schwab High Yield Bond ETF has a one year low of $25.36 and a one year high of $26.79. The firm’s fifty day moving average is $26.35 and its two-hundred day moving average is $26.43.

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.