Jones Financial Companies Lllp Acquires 102,370 Shares of Schwab High Yield Bond ETF $SCYB

Jones Financial Companies Lllp lifted its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 65,621.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 102,526 shares of the company’s stock after buying an additional 102,370 shares during the period. Jones Financial Companies Lllp’s holdings in Schwab High Yield Bond ETF were worth $2,733,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SCYB. Bogart Wealth LLC boosted its stake in Schwab High Yield Bond ETF by 1.7% during the third quarter. Bogart Wealth LLC now owns 28,476 shares of the company’s stock worth $761,000 after acquiring an additional 470 shares in the last quarter. Joseph P. Lucia & Associates LLC boosted its position in shares of Schwab High Yield Bond ETF by 2.9% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 19,021 shares of the company’s stock worth $508,000 after purchasing an additional 530 shares in the last quarter. Forum Financial Management LP boosted its position in shares of Schwab High Yield Bond ETF by 7.1% during the 2nd quarter. Forum Financial Management LP now owns 10,295 shares of the company’s stock worth $273,000 after purchasing an additional 684 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Schwab High Yield Bond ETF by 7.9% in the 2nd quarter. Brookstone Capital Management now owns 10,345 shares of the company’s stock valued at $275,000 after buying an additional 761 shares during the period. Finally, OMNI 360 Wealth Inc. increased its position in Schwab High Yield Bond ETF by 3.4% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 26,050 shares of the company’s stock valued at $696,000 after buying an additional 863 shares in the last quarter.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SCYB opened at $26.46 on Monday. The business’s 50 day simple moving average is $26.50 and its two-hundred day simple moving average is $26.51. The firm has a market cap of $2.26 billion, a P/E ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 52-week low of $24.73 and a 52-week high of $26.78.

Schwab High Yield Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a $0.1558 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. This is an increase from Schwab High Yield Bond ETF’s previous monthly dividend of $0.14.

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.