SeaCrest Wealth Management LLC Takes $813,000 Position in Schwab High Yield Bond ETF $SCYB

SeaCrest Wealth Management LLC acquired a new position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,635 shares of the company’s stock, valued at approximately $813,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCYB. Breakthru Advisory Services LLC grew its position in shares of Schwab High Yield Bond ETF by 12.8% in the fourth quarter. Breakthru Advisory Services LLC now owns 229,327 shares of the company’s stock valued at $6,059,000 after purchasing an additional 26,108 shares during the period. Charles Schwab Trust Co raised its position in shares of Schwab High Yield Bond ETF by 3.3% during the 4th quarter. Charles Schwab Trust Co now owns 434,937 shares of the company’s stock worth $11,491,000 after purchasing an additional 14,057 shares during the last quarter. Avior Wealth Management LLC purchased a new position in Schwab High Yield Bond ETF in the 4th quarter valued at about $805,000. IFP Advisors Inc lifted its stake in Schwab High Yield Bond ETF by 67.6% in the 3rd quarter. IFP Advisors Inc now owns 5,176 shares of the company’s stock valued at $138,000 after buying an additional 2,088 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in Schwab High Yield Bond ETF in the 3rd quarter worth about $164,000.

Schwab High Yield Bond ETF Price Performance

Shares of Schwab High Yield Bond ETF stock opened at $25.81 on Friday. The business has a 50 day simple moving average of $26.35 and a two-hundred day simple moving average of $26.46. Schwab High Yield Bond ETF has a 12 month low of $24.73 and a 12 month high of $26.78. The stock has a market capitalization of $2.20 billion, a P/E ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.1449 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Monday, March 2nd.

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.