Tidal Investments LLC lessened its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) by 6.2% in the second quarter, HoldingsChannel.com reports. The firm owned 1,345,265 shares of the company’s stock after selling 88,353 shares during the quarter. Tidal Investments LLC’s holdings in Schwab High Yield Bond ETF were worth $35,018,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Principia Wealth Advisory LLC raised its holdings in Schwab High Yield Bond ETF by 40.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock valued at $4,378,000 after buying an additional 47,515 shares during the last quarter. Evergreen Advisors LLC purchased a new stake in Schwab High Yield Bond ETF during the 4th quarter valued at $634,000. FF Advisors LLC bought a new stake in Schwab High Yield Bond ETF in the 4th quarter worth $1,156,000. IFC & Insurance Marketing Inc. bought a new stake in Schwab High Yield Bond ETF in the 1st quarter worth $1,990,000. Finally, Windsor Advisory Group LLC purchased a new position in shares of Schwab High Yield Bond ETF in the fourth quarter valued at about $575,000.
Schwab High Yield Bond ETF Trading Down 0.2%
Shares of NYSEARCA:SCYB opened at $25.83 on Thursday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. The company has a 50-day moving average price of $26.01 and a 200-day moving average price of $26.11. Schwab High Yield Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.78.
Schwab High Yield Bond ETF Company 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.
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Want to see what other hedge funds are holding SCYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report).
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