Elm3 Financial Group LLC lifted its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) by 47.3% during the third quarter, Holdings Channel reports. The firm owned 137,835 shares of the company’s stock after buying an additional 44,258 shares during the period. Schwab High Yield Bond ETF comprises about 2.3% of Elm3 Financial Group LLC’s holdings, making the stock its 9th largest position. Elm3 Financial Group LLC’s holdings in Schwab High Yield Bond ETF were worth $3,479,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Schwab High Yield Bond ETF in the second quarter valued at $103,000. IFP Advisors Inc grew its position in shares of Schwab High Yield Bond ETF by 49.9% during the second quarter. IFP Advisors Inc now owns 24,253 shares of the company’s stock worth $635,000 after acquiring an additional 8,074 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Schwab High Yield Bond ETF by 3.2% in the 2nd quarter. Baird Financial Group Inc. now owns 60,974 shares of the company’s stock worth $1,596,000 after acquiring an additional 1,915 shares during the period. Compass Financial Management LLC bought a new stake in Schwab High Yield Bond ETF in the 2nd quarter valued at about $150,000. Finally, Concurrent Investment Advisors LLC boosted its stake in Schwab High Yield Bond ETF by 35.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 18,918 shares of the company’s stock valued at $495,000 after purchasing an additional 4,927 shares during the period.
Schwab High Yield Bond ETF Stock Down 0.2%
NYSEARCA SCYB traded down $0.04 on Wednesday, hitting $25.17. The stock had a trading volume of 1,173,755 shares, compared to its average volume of 1,166,236. The company’s 50-day moving average is $25.79 and its two-hundred day moving average is $26.00. Schwab High Yield Bond ETF has a one year low of $24.91 and a one year high of $26.72. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28.
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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Want to see what other hedge funds are holding SCYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report).
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