Avior Wealth Management LLC Sells 115,294 Shares of Schwab High Yield Bond ETF $SCYB

Avior Wealth Management LLC trimmed its position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 90.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,816 shares of the company’s stock after selling 115,294 shares during the quarter. Avior Wealth Management LLC’s holdings in Schwab High Yield Bond ETF were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Schwab High Yield Bond ETF by 13.5% during the first quarter. Bank of America Corp DE now owns 70,710 shares of the company’s stock valued at $1,838,000 after buying an additional 8,427 shares during the period. Empowered Funds LLC lifted its stake in Schwab High Yield Bond ETF by 12.8% in the first quarter. Empowered Funds LLC now owns 70,823 shares of the company’s stock worth $1,831,000 after acquiring an additional 8,019 shares during the period. Dahring Cusmano LLC grew its holdings in 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 acquiring an additional 23,209 shares in the last quarter. Wealthgarden F.S. LLC bought a new position in Schwab High Yield Bond ETF during the 1st quarter worth about $412,000. Finally, Carnegie Investment Counsel increased its position in Schwab High Yield Bond ETF by 14.4% during the 1st quarter. Carnegie Investment Counsel now owns 27,963 shares of the company’s stock valued at $727,000 after purchasing an additional 3,514 shares during the period.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA SCYB opened at $26.04 on Friday. Schwab High Yield Bond ETF has a one year low of $25.70 and a one year high of $26.78. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. The company’s 50-day simple moving average is $26.07 and its two-hundred day simple moving average is $26.20.

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.