Charles Schwab Trust Co Sells 34,541 Shares of Schwab High Yield Bond ETF $SCYB

Charles Schwab Trust Co lessened its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,720 shares of the company’s stock after selling 34,541 shares during the period. Charles Schwab Trust Co owned about 0.43% of Schwab High Yield Bond ETF worth $11,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Columbus Macro LLC acquired a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter worth about $4,910,000. IFC & Insurance Marketing Inc. bought a new position in shares of Schwab High Yield Bond ETF in the 1st quarter valued at about $1,990,000. Wealth Forward LLC bought a new position in shares of Schwab High Yield Bond ETF in the 3rd quarter valued at about $1,600,000. Prairiewood Capital LLC bought a new position in shares of Schwab High Yield Bond ETF in the 1st quarter valued at about $1,531,000. Finally, Elm3 Financial Group LLC increased its position in shares of Schwab High Yield Bond ETF by 47.3% in the third quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock valued at $3,479,000 after acquiring an additional 44,258 shares during the last quarter.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA SCYB traded up $0.06 during trading hours on Thursday, hitting $25.14. 860,615 shares of the company traded hands, compared to its average volume of 1,164,299. The business’s 50-day moving average is $25.69 and its 200-day moving average is $25.97. The stock has a market capitalization of $2.77 billion, a price-to-earnings 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.