Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.70 and last traded at $25.7050, with a volume of 1165913 shares traded. The stock had previously closed at $25.83.
Schwab High Yield Bond ETF Price Performance
The stock has a market capitalization of $2.72 billion, a PE ratio of 60.28 and a beta of 0.27. The firm’s 50 day simple moving average is $26.00 and its 200 day simple moving average is $26.10.
Hedge Funds Weigh In On Schwab High Yield Bond ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Schwab High Yield Bond ETF by 344.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock worth $27,000 after purchasing an additional 786 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Schwab High Yield Bond ETF during the fourth quarter valued at about $33,000. Arax Advisory Partners bought a new position in shares of Schwab High Yield Bond ETF during the fourth quarter valued at about $39,000. Howe & Rusling Inc. increased its holdings in shares of Schwab High Yield Bond ETF by 367.1% in the fourth quarter. Howe & Rusling Inc. now owns 2,074 shares of the company’s stock worth $55,000 after buying an additional 1,630 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Schwab High Yield Bond ETF in the fourth quarter worth about $91,000.
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.
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