Avior Wealth Management LLC Takes Position in Schwab High Yield Bond ETF $SCYB

Avior Wealth Management LLC acquired a new stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,467 shares of the company’s stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howe & Rusling Inc. increased its holdings in Schwab High Yield Bond ETF by 650.7% in the 2nd quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock worth $28,000 after buying an additional 924 shares in the last quarter. AlphaCore Capital LLC bought a new position in Schwab High Yield Bond ETF during the 3rd quarter valued at about $29,000. IFP Advisors Inc lifted its stake in Schwab High Yield Bond ETF by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 5,176 shares of the company’s stock valued at $138,000 after acquiring an additional 2,088 shares during the period. LGT Financial Advisors LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter valued at about $164,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter valued at about $200,000.

Schwab High Yield Bond ETF Stock Down 0.9%

SCYB opened at $25.81 on Friday. The firm has a 50 day moving average price of $26.41 and a 200-day moving average price of $26.47. Schwab High Yield Bond ETF has a twelve month low of $24.73 and a twelve month high of $26.78. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.1449 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.