Focus Financial Network Inc. Sells 2,845 Shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB)

Focus Financial Network Inc. cut its holdings in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,593 shares of the company’s stock after selling 2,845 shares during the period. Focus Financial Network Inc. owned about 0.18% of Schwab High Yield Bond ETF worth $1,817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Schwab High Yield Bond ETF by 181.1% during the 4th quarter. IFP Advisors Inc now owns 5,484 shares of the company’s stock worth $143,000 after buying an additional 3,533 shares in the last quarter. Ausdal Financial Partners Inc. acquired a new position in Schwab High Yield Bond ETF during the fourth quarter worth about $512,000. Creative Financial Designs Inc. ADV raised its stake in Schwab High Yield Bond ETF by 100.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,874 shares of the company’s stock worth $49,000 after acquiring an additional 937 shares in the last quarter. Keystone Wealth Services LLC bought a new position in shares of Schwab High Yield Bond ETF in the fourth quarter worth about $532,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at approximately $26,000.

Schwab High Yield Bond ETF Price Performance

SCYB stock opened at $26.17 on Thursday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 60.28 and a beta of 0.33. The company has a 50 day simple moving average of $25.85 and a 200 day simple moving average of $26.15. Schwab High Yield Bond ETF has a 1 year low of $24.73 and a 1 year high of $26.79.

Schwab High Yield Bond ETF 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.