Schwab High Yield Bond ETF $SCYB Stake Trimmed by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC lessened its holdings in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 570,725 shares of the company’s stock after selling 67,867 shares during the quarter. Schwab High Yield Bond ETF accounts for approximately 8.8% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its 3rd biggest position. Cornerstone Enterprises LLC owned about 0.52% of Schwab High Yield Bond ETF worth $14,405,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SCYB. CoreCap Advisors LLC increased its stake in shares of Schwab High Yield Bond ETF by 81.9% in the 3rd quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock valued at $48,000 after purchasing an additional 851 shares during the last quarter. Axis Wealth Partners LLC raised its holdings in shares of Schwab High Yield Bond ETF by 13.1% during the 1st quarter. Axis Wealth Partners LLC now owns 8,669 shares of the company’s stock worth $225,000 after buying an additional 1,007 shares in the last quarter. WealthBridge Capital Management LLC lifted its position in shares of Schwab High Yield Bond ETF by 6.1% during the 1st quarter. WealthBridge Capital Management LLC now owns 19,746 shares of the company’s stock worth $513,000 after buying an additional 1,135 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Schwab High Yield Bond ETF by 5.0% during the 1st quarter. Bogart Wealth LLC now owns 30,455 shares of the company’s stock worth $792,000 after buying an additional 1,447 shares during the last quarter. Finally, Davis Capital Management bought a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter worth $48,000.

Schwab High Yield Bond ETF Stock Up 0.3%

NYSEARCA:SCYB opened at $25.16 on Friday. The stock’s 50-day simple moving average is $25.68 and its 200 day simple moving average is $25.97. The firm has a market capitalization of $2.78 billion, a PE ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a twelve month low of $24.91 and a twelve month high of $26.72.

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.