Breakthru Advisory Services LLC Buys Shares of 203,219 Schwab High Yield Bond ETF $SCYB

Breakthru Advisory Services 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 203,219 shares of the company’s stock, valued at approximately $5,432,000. Schwab High Yield Bond ETF comprises approximately 3.6% of Breakthru Advisory Services LLC’s investment portfolio, making the stock its 8th biggest holding. Breakthru Advisory Services LLC owned approximately 0.31% of Schwab High Yield Bond ETF as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 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. bought a new stake in Schwab High Yield Bond ETF in the third quarter valued at $200,000. Osaic Holdings Inc. lifted its stake in Schwab High Yield Bond ETF by 15.1% in the second quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock valued at $201,000 after buying an additional 992 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Schwab High Yield Bond ETF during the second quarter valued at $223,000. Finally, Farther Finance Advisors LLC grew its position in shares of Schwab High Yield Bond ETF by 163,000.0% during the second 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 last quarter.

Schwab High Yield Bond ETF Stock Down 0.6%

SCYB stock opened at $26.35 on Friday. The stock has a market cap of $1.80 billion, a PE ratio of 60.28 and a beta of 0.32. The firm’s 50-day simple moving average is $26.47 and its 200 day simple moving average is $26.45. Schwab High Yield Bond ETF has a fifty-two week low of $24.73 and a fifty-two week high of $26.78.

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.