Wealth Forward LLC Makes New $1.60 Million Investment in Schwab High Yield Bond ETF $SCYB

Wealth Forward LLC acquired a new stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 63,402 shares of the company’s stock, valued at approximately $1,600,000. Schwab High Yield Bond ETF accounts for about 0.7% of Wealth Forward LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CoreCap Advisors LLC grew its holdings in shares of Schwab High Yield Bond ETF by 81.9% during the third quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock worth $48,000 after purchasing an additional 851 shares during the last quarter. Davis Capital Management acquired a new position in Schwab High Yield Bond ETF during the 3rd quarter worth about $48,000. Integrated Wealth Concepts LLC bought a new stake in Schwab High Yield Bond ETF during the 2nd quarter worth about $103,000. Compass Financial Management LLC bought a new stake in Schwab High Yield Bond ETF during the 2nd quarter worth about $150,000. Finally, Balboa Wealth Partners bought a new stake in Schwab High Yield Bond ETF during the 1st quarter worth about $212,000.

Schwab High Yield Bond ETF Stock Performance

SCYB traded down $0.11 during midday trading on Wednesday, hitting $25.06. The company had a trading volume of 891,675 shares, compared to its average volume of 1,162,021. Schwab High Yield Bond ETF has a twelve month low of $24.91 and a twelve month high of $26.72. The company has a market capitalization of $2.76 billion, a PE ratio of 60.28 and a beta of 0.28. The firm’s 50-day simple moving average is $25.71 and its 200-day simple moving average is $25.98.

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.