Schwab High Yield Bond ETF $SCYB Stock Holdings Cut by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC decreased its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 10.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 570,725 shares of the company’s stock after selling 67,867 shares during the quarter. Schwab High Yield Bond ETF makes up about 8.8% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its 3rd biggest position. Cornerstone Enterprises LLC’s holdings in Schwab High Yield Bond ETF were worth $14,405,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. bought a new stake in shares of Schwab High Yield Bond ETF during the first quarter worth $1,990,000. Brookstone Capital Management increased its holdings in shares of Schwab High Yield Bond ETF by 285.1% during the first quarter. Brookstone Capital Management now owns 42,122 shares of the company’s stock worth $1,095,000 after buying an additional 31,185 shares in the last quarter. Elm3 Financial Group LLC lifted its stake in shares of Schwab High Yield Bond ETF by 47.3% in the 3rd quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock valued at $3,479,000 after acquiring an additional 44,258 shares during the last quarter. Columbus Macro LLC bought a new position in shares of Schwab High Yield Bond ETF in the 3rd quarter valued at $4,910,000. Finally, 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 acquiring an additional 23,209 shares during the last quarter.

Schwab High Yield Bond ETF Stock Up 0.3%

NYSEARCA SCYB opened at $25.16 on Friday. Schwab High Yield Bond ETF has a twelve month low of $24.91 and a twelve month high of $26.72. 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 business’s fifty day moving average is $25.68 and its 200 day moving average is $25.97.

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.