Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) shares saw an uptick in trading volume on Monday. Approximately 2,566,059 shares traded hands 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 Up 0.7%
The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The business’s 50-day simple moving average is $25.45 and its two-hundred day simple moving average is $26.01.
Hedge Funds Weigh In On Schwab High Yield Bond ETF
Several hedge funds have recently bought and sold shares of the company. Hidden Cove Wealth Management LLC boosted its stake in shares of Schwab High Yield Bond ETF by 449.3% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 199,556 shares of the company’s stock valued at $5,037,000 after buying an additional 163,227 shares during the period. Carnegie Investment Counsel acquired a new position in shares of Schwab High Yield Bond ETF during the third quarter worth about $828,000. Brookstone Capital Management purchased a new stake in shares of Schwab High Yield Bond ETF during the third quarter worth approximately $1,690,000. Elm3 Financial Group LLC increased its stake in shares of Schwab High Yield Bond ETF by 47.3% during the third quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock worth $3,479,000 after buying an additional 44,258 shares during the period. Finally, Columbus Macro LLC acquired a new stake in Schwab High Yield Bond ETF in the third quarter valued at approximately $4,910,000.
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.
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