Joseph P. Lucia & Associates LLC bought a new stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,491 shares of the company’s stock, valued at approximately $491,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCYB. Blue Trust Inc. acquired a new stake in Schwab High Yield Bond ETF during the 1st quarter worth $80,000. Golden State Wealth Management LLC acquired a new stake in Schwab High Yield Bond ETF during the 1st quarter worth $40,000. Creative Financial Designs Inc. ADV boosted its stake in Schwab High Yield Bond ETF by 64.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 3,090 shares of the company’s stock worth $81,000 after purchasing an additional 1,216 shares during the last quarter. WealthBridge Capital Management LLC boosted its stake in Schwab High Yield Bond ETF by 33.9% during the 1st quarter. WealthBridge Capital Management LLC now owns 13,636 shares of the company’s stock worth $356,000 after purchasing an additional 3,455 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in Schwab High Yield Bond ETF during the 1st quarter worth $713,000.
Schwab High Yield Bond ETF Stock Up 0.2%
Shares of SCYB opened at $26.55 on Friday. Schwab High Yield Bond ETF has a 52-week low of $24.73 and a 52-week high of $26.78. The firm’s fifty day moving average is $26.56 and its two-hundred day moving average is $26.24. The stock has a market cap of $1.76 billion, a PE ratio of 60.28 and a beta of 0.33.
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.
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