Schwab High Yield Bond ETF (NYSEARCA:SCYB) Hits New 1-Year Low – Should You Sell?

Schwab High Yield Bond ETF (NYSEARCA:SCYB) reached a new 52-week low during trading on Thursday . The company traded as low as $25.70 and last traded at $25.7050, with a volume of 1165913 shares. The stock had previously closed at $25.83.

Schwab High Yield Bond ETF Stock Down 0.5%

The firm has a 50 day moving average of $26.01 and a 200-day moving average of $26.11. The company has a market cap of $2.72 billion, a P/E ratio of 60.28 and a beta of 0.27.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab High Yield Bond ETF by 344.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock valued at $27,000 after purchasing an additional 786 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Schwab High Yield Bond ETF during the fourth quarter worth $33,000. Arax Advisory Partners purchased a new stake in Schwab High Yield Bond ETF during the fourth quarter worth $39,000. Howe & Rusling Inc. raised its holdings in Schwab High Yield Bond ETF by 367.1% in the fourth quarter. Howe & Rusling Inc. now owns 2,074 shares of the company’s stock worth $55,000 after purchasing an additional 1,630 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the fourth quarter valued at about $91,000.

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.