Asset Allocation Strategies LLC Buys Shares of 25,639 Schwab High Yield Bond ETF $SCYB

Asset Allocation Strategies LLC bought a new stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,639 shares of the company’s stock, valued at approximately $685,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Howe & Rusling Inc. boosted its position in Schwab High Yield Bond ETF by 650.7% during the 2nd quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock valued at $28,000 after purchasing an additional 924 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Schwab High Yield Bond ETF during the third quarter valued at $200,000. Osaic Holdings Inc. boosted its holdings in shares of Schwab High Yield Bond ETF by 15.1% during the second quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock valued at $201,000 after acquiring an additional 992 shares during the period. Captrust Financial Advisors bought a new position in shares of Schwab High Yield Bond ETF during the second quarter worth about $223,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Schwab High Yield Bond ETF by 163,000.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock worth $260,000 after acquiring an additional 9,780 shares during the period.

Schwab High Yield Bond ETF Stock Down 0.1%

Schwab High Yield Bond ETF stock opened at $26.44 on Thursday. The firm has a 50-day moving average price of $26.47 and a two-hundred day moving average price of $26.45. Schwab High Yield Bond ETF has a 52-week low of $24.73 and a 52-week high of $26.78. The firm 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 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.