Charles Schwab Trust Co Raises Stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB)

Charles Schwab Trust Co grew its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 62.8% during the 4th quarter, HoldingsChannel reports. The fund owned 125,345 shares of the company’s stock after purchasing an additional 48,372 shares during the quarter. Charles Schwab Trust Co’s holdings in Schwab High Yield Bond ETF were worth $3,279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SCYB. Charles Schwab Investment Management Inc. increased its holdings in Schwab High Yield Bond ETF by 1,211.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,981,912 shares of the company’s stock worth $213,032,000 after buying an additional 3,678,192 shares in the last quarter. Wedmont Private Capital bought a new stake in shares of Schwab High Yield Bond ETF in the fourth quarter worth approximately $1,081,000. Jane Street Group LLC purchased a new position in shares of Schwab High Yield Bond ETF during the third quarter valued at approximately $748,000. Columbus Macro LLC lifted its position in Schwab High Yield Bond ETF by 100.6% during the third quarter. Columbus Macro LLC now owns 8,446 shares of the company’s stock valued at $452,000 after purchasing an additional 4,236 shares during the period. Finally, Sightline Wealth Advisors LLC boosted its holdings in 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 worth $218,000 after purchasing an additional 4,269 shares during the last quarter.

Schwab High Yield Bond ETF Stock Performance

SCYB stock opened at $26.39 on Tuesday. Schwab High Yield Bond ETF has a 1 year low of $25.36 and a 1 year high of $26.79. The stock’s fifty day moving average price is $26.34 and its 200-day moving average price is $26.34.

About Schwab High Yield Bond ETF

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.