iA Global Asset Management Inc. Sells 272,000 Shares of Schwab High Yield Bond ETF $SCYB

iA Global Asset Management Inc. reduced its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 88.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,400 shares of the company’s stock after selling 272,000 shares during the period. iA Global Asset Management Inc. owned 0.08% of Schwab High Yield Bond ETF worth $966,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in Schwab High Yield Bond ETF in the first quarter worth about $26,000. Larson Financial Group LLC raised its stake in Schwab High Yield Bond ETF by 13,825.0% in the first quarter. Larson Financial Group LLC now owns 1,114 shares of the company’s stock worth $29,000 after buying an additional 1,106 shares in the last quarter. Forum Financial Management LP bought a new position in Schwab High Yield Bond ETF in the first quarter worth about $251,000. Farther Finance Advisors LLC raised its stake in Schwab High Yield Bond ETF by 163,000.0% in the second quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock worth $260,000 after buying an additional 9,780 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Schwab High Yield Bond ETF in the first quarter worth about $262,000.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA SCYB opened at $26.32 on Tuesday. Schwab High Yield Bond ETF has a fifty-two week low of $24.73 and a fifty-two week high of $26.78. The company has a 50 day simple moving average of $26.59 and a two-hundred day simple moving average of $26.35. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32.

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.