Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) saw unusually-strong trading volume on Monday. Approximately 2,566,059 shares traded hands during trading, an increase of 119% from the average daily volume of 1,171,041 shares. The stock last traded at $25.1050 and had previously closed at $25.23.
Schwab High Yield Bond ETF Stock Down 0.6%
The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The business has a 50-day moving average of $25.49 and a two-hundred day moving average of $26.02.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SCYB. Charles Schwab Trust Co increased its holdings in shares of Schwab High Yield Bond ETF by 0.8% in the second quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock valued at $13,332,000 after purchasing an additional 3,814 shares in the last quarter. Dahring Cusmano LLC lifted its holdings in Schwab High Yield Bond ETF by 7.2% during the 1st quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock worth $9,006,000 after buying an additional 23,209 shares in the last quarter. Hidden Cove Wealth Management LLC boosted its position in Schwab High Yield Bond ETF by 449.3% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 199,556 shares of the company’s stock valued at $5,037,000 after buying an additional 163,227 shares during the last quarter. Columbus Macro LLC bought a new position in Schwab High Yield Bond ETF in the 3rd quarter valued at $4,910,000. Finally, MFG Wealth Management Inc. increased its stake in shares of Schwab High Yield Bond ETF by 7.7% in the 2nd quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock valued at $3,932,000 after buying an additional 10,739 shares during the period.
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.
Featured Articles
- Five stocks we like better than Schwab High Yield Bond ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Schwab High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
