Charles Schwab Investment Management Inc. increased its position in Schwab High Yield Bond ETF (NYSEARCA:SCYB – Free Report) by 215.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,578,533 shares of the company’s stock after acquiring an additional 8,596,621 shares during the quarter. Charles Schwab Investment Management Inc. owned about 441.35% of Schwab High Yield Bond ETF worth $329,054,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Financial Network Inc. bought a new position in Schwab High Yield Bond ETF during the fourth quarter valued at approximately $1,895,000. Charles Schwab Trust Co boosted its stake in shares of Schwab High Yield Bond ETF by 62.8% during the 4th quarter. Charles Schwab Trust Co now owns 125,345 shares of the company’s stock valued at $3,279,000 after purchasing an additional 48,372 shares in the last quarter. Wedmont Private Capital bought a new stake in Schwab High Yield Bond ETF during the 4th quarter valued at approximately $1,081,000. Keystone Wealth Services LLC purchased a new stake in Schwab High Yield Bond ETF in the fourth quarter worth $532,000. Finally, Jane Street Group LLC bought a new position in shares of Schwab High Yield Bond ETF in the 3rd quarter worth about $748,000.
Schwab High Yield Bond ETF Stock Down 0.3 %
SCYB stock opened at $26.26 on Thursday. The business has a 50 day moving average of $26.35 and a 200 day moving average of $26.43. Schwab High Yield Bond ETF has a twelve month low of $25.36 and a twelve month high of $26.79.
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.
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