Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as $25.60 and last traded at $25.60, with a volume of 1190998 shares traded. The stock had previously closed at $25.67.
Schwab High Yield Bond ETF Price Performance
The company has a market capitalization of $2.73 billion, a P/E ratio of 60.28 and a beta of 0.27. The stock’s fifty day simple moving average is $25.96 and its 200-day simple moving average is $26.07.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SCYB. Charles Schwab Trust Co boosted its holdings in Schwab High Yield Bond ETF by 0.8% in the 2nd quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock valued at $13,332,000 after purchasing an additional 3,814 shares during the period. Dahring Cusmano LLC increased its position in shares of Schwab High Yield Bond ETF by 7.2% during the first quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock valued at $9,006,000 after purchasing an additional 23,209 shares during the period. L2 Asset Management LLC increased its holdings in Schwab High Yield Bond ETF by 3.2% in the 4th quarter. L2 Asset Management LLC now owns 229,194 shares of the company’s stock valued at $6,055,000 after buying an additional 7,030 shares during the period. Principia Wealth Advisory LLC raised its position in Schwab High Yield Bond ETF by 40.2% in the fourth quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock worth $4,378,000 after purchasing an additional 47,515 shares in the last quarter. Finally, MFG Wealth Management Inc. raised its holdings in shares of Schwab High Yield Bond ETF by 7.7% in the 2nd quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock worth $3,932,000 after buying an additional 10,739 shares in the last quarter.
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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