Shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as $25.60 and last traded at $25.6150, with a volume of 292970 shares. The stock had previously closed at $25.73.
Schwab High Yield Bond ETF Price Performance
The firm has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $26.05. The firm has a market capitalization of $2.81 billion, a PE ratio of 60.28 and a beta of 0.27.
Institutional Trading of Schwab High Yield Bond ETF
Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in Schwab High Yield Bond ETF in the second quarter worth approximately $103,000. IFP Advisors Inc increased its stake in shares of Schwab High Yield Bond ETF by 49.9% in the 2nd quarter. IFP Advisors Inc now owns 24,253 shares of the company’s stock worth $635,000 after purchasing an additional 8,074 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Schwab High Yield Bond ETF by 3.2% in the 2nd quarter. Baird Financial Group Inc. now owns 60,974 shares of the company’s stock worth $1,596,000 after purchasing an additional 1,915 shares during the period. Compass Financial Management LLC bought a new position in Schwab High Yield Bond ETF in the 2nd quarter worth $150,000. Finally, Concurrent Investment Advisors LLC lifted its position in Schwab High Yield Bond ETF by 35.2% during the second quarter. Concurrent Investment Advisors LLC now owns 18,918 shares of the company’s stock valued at $495,000 after purchasing an additional 4,927 shares in the last quarter.
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.
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