63,402 Shares of Schwab High Yield Bond ETF $SCYB Purchased by Wealth Forward LLC

Wealth Forward LLC purchased a new stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,402 shares of the company’s stock, valued at approximately $1,600,000. Schwab High Yield Bond ETF accounts for approximately 0.7% of Wealth Forward LLC’s portfolio, making the stock its 24th largest holding. Wealth Forward LLC owned approximately 0.06% of Schwab High Yield Bond ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCYB. Charles Schwab Trust Co grew its holdings in shares of Schwab High Yield Bond ETF by 0.8% during 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 in the last quarter. Dahring Cusmano LLC raised its stake in shares of Schwab High Yield Bond ETF by 7.2% in the first quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock valued at $9,006,000 after purchasing an additional 23,209 shares in the last quarter. L2 Asset Management LLC raised its stake in shares of Schwab High Yield Bond ETF by 3.2% in the fourth quarter. L2 Asset Management LLC now owns 229,194 shares of the company’s stock valued at $6,055,000 after purchasing an additional 7,030 shares in the last quarter. MFG Wealth Management Inc. lifted its position in Schwab High Yield Bond ETF by 7.7% in the second quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock worth $3,932,000 after purchasing an additional 10,739 shares during the period. Finally, Elm3 Financial Group LLC lifted its position in Schwab High Yield Bond ETF by 47.3% in the third quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock worth $3,479,000 after purchasing an additional 44,258 shares during the period.

Schwab High Yield Bond ETF Stock Down 0.4%

SCYB traded down $0.11 during midday trading on Wednesday, reaching $25.06. 891,675 shares of the company’s stock were exchanged, compared to its average volume of 1,162,021. The business has a 50-day simple moving average of $25.71 and a two-hundred day simple moving average of $25.98. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a one year low of $24.91 and a one year high of $26.72.

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.