Forum Financial Management LP Grows Stock Holdings in Schwab High Yield Bond ETF $SCYB

Forum Financial Management LP increased its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,295 shares of the company’s stock after buying an additional 684 shares during the period. Forum Financial Management LP’s holdings in Schwab High Yield Bond ETF were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Schwab High Yield Bond ETF by 9.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,761,725 shares of the company’s stock valued at $359,319,000 after purchasing an additional 1,183,192 shares in the last quarter. Charles Schwab Trust Co lifted its holdings in shares of Schwab High Yield Bond ETF by 189.8% in the second quarter. Charles Schwab Trust Co now owns 384,155 shares of the company’s stock valued at $10,195,000 after purchasing an additional 251,574 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of Schwab High Yield Bond ETF by 59.0% in the first quarter. iA Global Asset Management Inc. now owns 308,400 shares of the company’s stock valued at $8,052,000 after purchasing an additional 114,400 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab High Yield Bond ETF by 2,569.5% in the first quarter. Envestnet Asset Management Inc. now owns 234,115 shares of the company’s stock valued at $6,113,000 after purchasing an additional 225,345 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Schwab High Yield Bond ETF by 365.1% in the first quarter. Cetera Investment Advisers now owns 177,019 shares of the company’s stock valued at $4,622,000 after purchasing an additional 138,961 shares in the last quarter.

Schwab High Yield Bond ETF Price Performance

Shares of NYSEARCA SCYB opened at $26.63 on Monday. Schwab High Yield Bond ETF has a 12-month low of $24.73 and a 12-month high of $26.78. The company has a market capitalization of $1.81 billion, a PE ratio of 60.28 and a beta of 0.33. The firm’s 50-day moving average is $26.58 and its two-hundred day moving average is $26.29.

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.