Elm3 Financial Group LLC Makes New Investment in Schwab High Yield Bond ETF $SCYB

Elm3 Financial Group LLC bought a new position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,726 shares of the company’s stock, valued at approximately $1,684,000. Schwab High Yield Bond ETF comprises 1.4% of Elm3 Financial Group LLC’s holdings, making the stock its 18th biggest position. Elm3 Financial Group LLC owned about 0.08% of Schwab High Yield Bond ETF at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WealthBridge Capital Management LLC grew its position in shares of Schwab High Yield Bond ETF by 2.4% in the third quarter. WealthBridge Capital Management LLC now owns 17,701 shares of the company’s stock valued at $473,000 after purchasing an additional 407 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Schwab High Yield Bond ETF by 1.7% in the third quarter. Bogart Wealth LLC now owns 28,476 shares of the company’s stock valued at $761,000 after buying an additional 470 shares during the period. Joseph P. Lucia & Associates LLC lifted its stake in Schwab High Yield Bond ETF by 2.9% during the third quarter. Joseph P. Lucia & Associates LLC now owns 19,021 shares of the company’s stock worth $508,000 after purchasing an additional 530 shares during the period. OMNI 360 Wealth Inc. lifted its stake in Schwab High Yield Bond ETF by 3.4% during the third quarter. OMNI 360 Wealth Inc. now owns 26,050 shares of the company’s stock worth $696,000 after purchasing an additional 863 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in 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 worth $201,000 after purchasing an additional 992 shares during the period.

Schwab High Yield Bond ETF Price Performance

NYSEARCA SCYB opened at $26.25 on Friday. The firm has a market cap of $2.40 billion, a PE ratio of 60.28 and a beta of 0.31. Schwab High Yield Bond ETF has a one year low of $25.01 and a one year high of $26.78. The stock’s 50 day simple moving average is $26.23 and its 200 day simple moving average is $26.41.

Schwab High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1449 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.