Schwab High Yield Bond ETF $SCYB Stake Lifted by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC increased its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 449.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 199,556 shares of the company’s stock after buying an additional 163,227 shares during the period. Schwab High Yield Bond ETF accounts for 2.7% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 10th biggest position. Hidden Cove Wealth Management LLC owned about 0.18% of Schwab High Yield Bond ETF worth $5,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Trust Co raised its holdings in Schwab High Yield Bond ETF by 0.8% in the 2nd quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock worth $13,332,000 after purchasing an additional 3,814 shares during the period. Dahring Cusmano LLC raised its stake in shares of Schwab High Yield Bond ETF by 7.2% during the 1st quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock worth $9,006,000 after buying an additional 23,209 shares during the period. Columbus Macro LLC acquired a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter worth about $4,910,000. MFG Wealth Management Inc. lifted its stake in Schwab High Yield Bond ETF by 7.7% in the 2nd quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock valued at $3,932,000 after buying an additional 10,739 shares in the last quarter. Finally, Elm3 Financial Group LLC lifted its holdings in Schwab High Yield Bond ETF by 47.3% in the 3rd quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock valued at $3,479,000 after purchasing an additional 44,258 shares in the last quarter.

Schwab High Yield Bond ETF Trading Down 0.1%

SCYB stock traded down $0.02 during mid-day trading on Monday, reaching $25.06. The company’s stock had a trading volume of 1,109,309 shares, compared to its average volume of 1,167,894. The stock has a market cap of $2.76 billion, a PE ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a fifty-two week low of $24.91 and a fifty-two week high of $26.72. The company’s 50 day moving average is $25.66 and its two-hundred day moving average is $25.96.

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.