37,504 Shares in Schwab High Yield Bond ETF $SCYB Acquired by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,504 shares of the company’s stock, valued at approximately $991,000.

Several other hedge funds also recently added to or reduced their stakes in SCYB. AlphaCore Capital LLC purchased a new position in Schwab High Yield Bond ETF in the third quarter worth approximately $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in Schwab High Yield Bond ETF in the fourth quarter worth approximately $88,000. IFP Advisors Inc grew its position in Schwab High Yield Bond ETF by 67.6% in the third quarter. IFP Advisors Inc now owns 5,176 shares of the company’s stock worth $138,000 after acquiring an additional 2,088 shares during the period. LGT Financial Advisors LLC purchased a new position in Schwab High Yield Bond ETF in the third quarter worth approximately $164,000. Finally, Osaic Holdings Inc. grew its position in Schwab High Yield Bond ETF by 15.1% in the second quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock worth $201,000 after acquiring an additional 992 shares during the period.

Schwab High Yield Bond ETF Stock Performance

Shares of Schwab High Yield Bond ETF stock opened at $26.26 on Friday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a fifty-two week low of $25.70 and a fifty-two week high of $26.78. The stock has a 50 day moving average of $26.14 and a 200 day moving average of $26.34.

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.