IFP Advisors Inc grew its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) by 181.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,484 shares of the company’s stock after acquiring an additional 3,533 shares during the period. IFP Advisors Inc’s holdings in Schwab High Yield Bond ETF were worth $143,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Breakwater Investment Management boosted its position in Schwab High Yield Bond ETF by 100.0% during the fourth quarter. Breakwater Investment Management now owns 3,394 shares of the company’s stock valued at $89,000 after purchasing an additional 1,697 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at approximately $180,000. Sightline Wealth Advisors LLC grew its stake in shares of Schwab High Yield Bond ETF by 104.6% in the fourth quarter. Sightline Wealth Advisors LLC now owns 8,352 shares of the company’s stock valued at $218,000 after buying an additional 4,269 shares in the last quarter. WealthBridge Capital Management LLC increased its holdings in Schwab High Yield Bond ETF by 140.3% during the fourth quarter. WealthBridge Capital Management LLC now owns 10,181 shares of the company’s stock worth $266,000 after buying an additional 5,945 shares during the last quarter. Finally, L.M. Kohn & Company acquired a new stake in Schwab High Yield Bond ETF in the fourth quarter valued at $311,000.
Schwab High Yield Bond ETF Price Performance
Shares of SCYB opened at $26.33 on Wednesday. The firm has a 50-day moving average of $26.34 and a 200-day moving average of $26.43. Schwab High Yield Bond ETF has a one year low of $25.36 and a one year high of $26.79.
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.
Further Reading
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