Evergreen Advisors LLC Sells 22,000 Shares of Schwab High Yield Bond ETF $SCYB

Evergreen Advisors LLC cut its holdings in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 91.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,010 shares of the company’s stock after selling 22,000 shares during the quarter. Evergreen Advisors LLC’s holdings in Schwab High Yield Bond ETF were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCYB. Elm3 Financial Group LLC acquired a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at approximately $1,684,000. Principia Wealth Advisory LLC increased its position in Schwab High Yield Bond ETF by 40.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock worth $4,378,000 after purchasing an additional 47,515 shares in the last quarter. Breakthru Advisory Services LLC increased its position in Schwab High Yield Bond ETF by 12.8% during the 4th quarter. Breakthru Advisory Services LLC now owns 229,327 shares of the company’s stock worth $6,059,000 after purchasing an additional 26,108 shares in the last quarter. Avior Wealth Management LLC bought a new position in Schwab High Yield Bond ETF in the 4th quarter valued at approximately $805,000. Finally, FF Advisors LLC bought a new position in Schwab High Yield Bond ETF in the 4th quarter valued at approximately $1,156,000.

Schwab High Yield Bond ETF Price Performance

Shares of Schwab High Yield Bond ETF stock opened at $26.10 on Friday. Schwab High Yield Bond ETF has a fifty-two week low of $25.70 and a fifty-two week high of $26.78. The firm has a market capitalization of $2.68 billion, a P/E ratio of 60.28 and a beta of 0.27. The company’s 50 day moving average price is $26.13 and its two-hundred day moving average price is $26.26.

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.