Dahring Cusmano LLC Raises Holdings in Schwab High Yield Bond ETF $SCYB

Dahring Cusmano LLC grew its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 15.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 323,169 shares of the company’s stock after purchasing an additional 44,411 shares during the quarter. Schwab High Yield Bond ETF makes up 5.9% of Dahring Cusmano LLC’s investment portfolio, making the stock its 7th biggest position. Dahring Cusmano LLC’s holdings in Schwab High Yield Bond ETF were worth $8,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors grew its stake in Schwab High Yield Bond ETF by 12.4% in the 4th quarter. World Investment Advisors now owns 60,164 shares of the company’s stock worth $1,582,000 after acquiring an additional 6,642 shares in the last quarter. Meridian Wealth Management LLC grew its stake in Schwab High Yield Bond ETF by 95.8% in the 4th quarter. Meridian Wealth Management LLC now owns 16,722 shares of the company’s stock worth $442,000 after acquiring an additional 8,182 shares in the last quarter. KLCM Advisors Inc. bought a new position in Schwab High Yield Bond ETF in the 4th quarter worth about $234,000. Naples Global Advisors LLC bought a new position in Schwab High Yield Bond ETF in the 4th quarter worth about $211,000. Finally, MMA Asset Management LLC grew its stake in Schwab High Yield Bond ETF by 5.0% in the 4th quarter. MMA Asset Management LLC now owns 75,441 shares of the company’s stock worth $1,993,000 after acquiring an additional 3,576 shares in the last quarter.

Schwab High Yield Bond ETF Price Performance

Shares of SCYB stock opened at $26.13 on Friday. The company has a market capitalization of $2.42 billion, a P/E ratio of 60.28 and a beta of 0.28. The company’s 50-day simple moving average is $26.14 and its two-hundred day simple moving average is $26.36. Schwab High Yield Bond ETF has a one year low of $25.70 and a one year high of $26.78.

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.