Cetera Investment Advisers Reduces Position in Schwab High Yield Bond ETF $SCYB

Cetera Investment Advisers decreased its holdings in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 82.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,948 shares of the company’s stock after selling 146,071 shares during the quarter. Cetera Investment Advisers owned 0.07% of Schwab High Yield Bond ETF worth $821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP grew its stake in shares of Schwab High Yield Bond ETF by 7.1% in the second quarter. Forum Financial Management LP now owns 10,295 shares of the company’s stock worth $273,000 after acquiring an additional 684 shares during the period. Brookstone Capital Management lifted its position in Schwab High Yield Bond ETF by 7.9% during the second quarter. Brookstone Capital Management now owns 10,345 shares of the company’s stock valued at $275,000 after purchasing an additional 761 shares during the period. Farther Finance Advisors LLC boosted its holdings in Schwab High Yield Bond ETF by 163,000.0% in the second quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock worth $260,000 after purchasing an additional 9,780 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Schwab High Yield Bond ETF in the 1st quarter worth approximately $262,000. Finally, JT Stratford LLC grew its position in Schwab High Yield Bond ETF by 37.5% in the 1st quarter. JT Stratford LLC now owns 41,859 shares of the company’s stock worth $1,093,000 after purchasing an additional 11,410 shares during the period.

Schwab High Yield Bond ETF Price Performance

NYSEARCA SCYB opened at $26.50 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 1-year low of $24.73 and a 1-year high of $26.78. The business’s fifty day moving average price is $26.49 and its 200-day moving average price is $26.43.

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.