Schwab High Yield Bond ETF $SCYB Holdings Lessened by Charles Schwab Trust Co

Charles Schwab Trust Co lowered its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 474,720 shares of the company’s stock after selling 34,541 shares during the period. Charles Schwab Trust Co’s holdings in Schwab High Yield Bond ETF were worth $11,982,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC lifted its holdings in shares of Schwab High Yield Bond ETF by 81.9% in the third quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock worth $48,000 after acquiring an additional 851 shares during the last quarter. Davis Capital Management bought a new position in Schwab High Yield Bond ETF in the 3rd quarter valued at approximately $48,000. Integrated Wealth Concepts LLC bought a new position in Schwab High Yield Bond ETF in the 2nd quarter valued at approximately $103,000. Compass Financial Management LLC acquired a new stake in Schwab High Yield Bond ETF in the second quarter valued at approximately $150,000. Finally, Balboa Wealth Partners acquired a new stake in Schwab High Yield Bond ETF in the first quarter valued at approximately $212,000.

Schwab High Yield Bond ETF Trading Up 0.2%

SCYB traded up $0.06 on Thursday, reaching $25.14. The stock had a trading volume of 860,615 shares, compared to its average volume of 1,164,299. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a fifty-two week low of $24.91 and a fifty-two week high of $26.72. The firm has a 50-day moving average of $25.69 and a 200-day moving average of $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.