Evergreen Advisors LLC bought a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,010 shares of the company’s stock, valued at approximately $634,000. Schwab High Yield Bond ETF comprises 0.2% of Evergreen Advisors LLC’s investment portfolio, making the stock its 15th largest position.
Several other institutional investors and hedge funds have also recently made changes to their positions in SCYB. Tidal Investments LLC grew its holdings in shares of Schwab High Yield Bond ETF by 65.6% in the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after purchasing an additional 652,496 shares during the last quarter. Cornerstone Enterprises LLC bought a new position in shares of Schwab High Yield Bond ETF in the fourth quarter worth approximately $15,389,000. Dahring Cusmano LLC bought a new position in shares of Schwab High Yield Bond ETF in the third quarter worth approximately $7,451,000. Orion Porfolio Solutions LLC bought a new position in shares of Schwab High Yield Bond ETF in the third quarter worth approximately $3,256,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Schwab High Yield Bond ETF by 65,621.8% in the third quarter. Jones Financial Companies Lllp now owns 102,526 shares of the company’s stock worth $2,733,000 after purchasing an additional 102,370 shares during the last quarter.
Schwab High Yield Bond ETF Stock Performance
Shares of Schwab High Yield Bond ETF stock opened at $26.02 on Monday. Schwab High Yield Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.78. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The company’s 50 day moving average price is $26.13 and its 200-day moving average price is $26.35.
Schwab High Yield Bond ETF Company 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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