MFG Wealth Management Inc. Purchases New Shares in Schwab High Yield Bond ETF $SCYB

MFG Wealth Management Inc. purchased a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 89,729 shares of the company’s stock, valued at approximately $2,398,000. Schwab High Yield Bond ETF comprises approximately 1.8% of MFG Wealth Management Inc.’s holdings, making the stock its 23rd biggest position. MFG Wealth Management Inc. owned about 0.14% of Schwab High Yield Bond ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Howe & Rusling Inc. raised its stake in shares of Schwab High Yield Bond ETF by 650.7% in the second quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock valued at $28,000 after acquiring an additional 924 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter worth about $200,000. Osaic Holdings Inc. boosted its stake in shares of Schwab High Yield Bond ETF by 15.1% during 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 during the period. Captrust Financial Advisors bought a new position in Schwab High Yield Bond ETF during the 2nd quarter valued at about $223,000. Finally, Farther Finance Advisors LLC raised its position in 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 purchasing an additional 9,780 shares during the period.

Schwab High Yield Bond ETF Price Performance

Shares of NYSEARCA SCYB opened at $26.51 on Friday. The company has a market cap of $1.81 billion, a P/E ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 1 year low of $24.73 and a 1 year high of $26.78. The firm has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $26.45.

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.