58,872 Shares in Schwab High Yield Bond ETF $SCYB Purchased by Prairiewood Capital LLC

Prairiewood Capital LLC acquired a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 58,872 shares of the company’s stock, valued at approximately $1,531,000. Schwab High Yield Bond ETF makes up approximately 0.4% of Prairiewood Capital LLC’s investment portfolio, making the stock its 26th biggest position. Prairiewood Capital LLC owned 0.06% of Schwab High Yield Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SCYB. Tidal Investments LLC increased its stake in Schwab High Yield Bond ETF by 65.6% during the 2nd quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after acquiring an additional 652,496 shares during the period. Cornerstone Enterprises LLC acquired a new position in Schwab High Yield Bond ETF in the 4th quarter valued at $15,389,000. Summit Financial LLC bought a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter valued at $3,450,000. Orion Porfolio Solutions LLC bought a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter valued at $3,256,000. Finally, Elm3 Financial Group LLC acquired a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter worth $1,684,000.

Schwab High Yield Bond ETF Stock Performance

SCYB opened at $26.18 on Friday. Schwab High Yield Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.78. The firm has a market cap of $2.43 billion, a P/E ratio of 60.28 and a beta of 0.27. The business’s fifty day moving average is $26.19 and its 200-day moving average is $26.30.

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.