Schwab High Yield Bond ETF $SCYB is Breakthru Advisory Services LLC’s 7th Largest Position

Breakthru Advisory Services LLC grew its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,327 shares of the company’s stock after buying an additional 26,108 shares during the period. Schwab High Yield Bond ETF accounts for about 3.9% of Breakthru Advisory Services LLC’s investment portfolio, making the stock its 7th largest position. Breakthru Advisory Services LLC owned about 0.29% of Schwab High Yield Bond ETF worth $6,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SCYB. AlphaCore Capital LLC bought a new position in shares of Schwab High Yield Bond ETF during the third quarter worth $29,000. IFP Advisors Inc increased its holdings in Schwab High Yield Bond ETF by 67.6% in 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 last quarter. LGT Financial Advisors LLC bought a new stake in Schwab High Yield Bond ETF in the 3rd quarter valued at $164,000. 1620 Investment Advisors Inc. purchased a new stake in Schwab High Yield Bond ETF in the 3rd quarter worth $200,000. Finally, Osaic Holdings Inc. lifted its stake in Schwab High Yield Bond ETF by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock worth $201,000 after purchasing an additional 992 shares in the last quarter.

Schwab High Yield Bond ETF Stock Down 0.3%

SCYB opened at $25.91 on Wednesday. The company has a market capitalization of $2.21 billion, a PE ratio of 60.28 and a beta of 0.32. The firm has a 50-day simple moving average of $26.38 and a two-hundred day simple moving average of $26.47. Schwab High Yield Bond ETF has a 52 week low of $24.73 and a 52 week high of $26.78.

Schwab High Yield Bond ETF Cuts Dividend

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

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.