Schwab High Yield Bond ETF $SCYB Shares Newly Purchased by StoneX Group Inc.

StoneX Group Inc. acquired a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 49,092 shares of the company’s stock, valued at approximately $1,257,000.

Several other institutional investors have also bought and sold shares of the company. Columbus Macro LLC purchased a new stake in Schwab High Yield Bond ETF in the third quarter worth $4,910,000. Hidden Cove Wealth Management LLC lifted its position in shares of Schwab High Yield Bond ETF by 449.3% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 199,556 shares of the company’s stock valued at $5,037,000 after buying an additional 163,227 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter valued at $1,690,000. Wealth Forward LLC purchased a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter valued at $1,600,000. Finally, Elm3 Financial Group LLC grew its stake in shares of Schwab High Yield Bond ETF by 47.3% during the 3rd quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock worth $3,479,000 after acquiring an additional 44,258 shares during the period.

Schwab High Yield Bond ETF Stock Performance

Shares of SCYB opened at $25.23 on Tuesday. The business has a 50-day moving average of $25.38 and a 200 day moving average of $25.98. Schwab High Yield Bond ETF has a fifty-two week low of $24.91 and a fifty-two week high of $26.65. The firm has a market cap of $2.74 billion, a P/E ratio of 60.28 and a beta of 0.28.

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.