IFC & Insurance Marketing Inc. bought a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 76,527 shares of the company’s stock, valued at approximately $1,990,000. Schwab High Yield Bond ETF comprises about 2.1% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its 14th biggest holding. IFC & Insurance Marketing Inc. owned about 0.08% of Schwab High Yield Bond ETF at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in SCYB. Elm3 Financial Group LLC purchased a new position in Schwab High Yield Bond ETF during the 4th quarter valued at approximately $1,684,000. Breakthru Advisory Services LLC raised its holdings in shares of Schwab High Yield Bond ETF by 12.8% during the 4th quarter. Breakthru Advisory Services LLC now owns 229,327 shares of the company’s stock worth $6,059,000 after acquiring an additional 26,108 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter worth approximately $805,000. Evergreen Advisors LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter worth approximately $634,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter valued at approximately $772,000.
Schwab High Yield Bond ETF Stock Performance
NYSEARCA SCYB opened at $26.17 on Tuesday. The stock has a 50 day moving average price of $26.19 and a 200-day moving average price of $26.30. Schwab High Yield Bond ETF has a one year low of $25.70 and a one year high of $26.78. The company has a market capitalization of $2.43 billion, a P/E ratio of 60.28 and a beta of 0.27.
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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