49,092 Shares in Schwab High Yield Bond ETF $SCYB Bought by StoneX Group Inc.

StoneX Group Inc. acquired a new stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the third quarter, according to its most recent filing with the SEC. The fund acquired 49,092 shares of the company’s stock, valued at approximately $1,257,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCYB. Columbus Macro LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the third quarter worth $4,910,000. Brookstone Capital Management purchased a new position in shares of Schwab High Yield Bond ETF in the third quarter valued at $1,690,000. Hidden Cove Wealth Management LLC grew its position in shares of Schwab High Yield Bond ETF by 449.3% in the third quarter. Hidden Cove Wealth Management LLC now owns 199,556 shares of the company’s stock valued at $5,037,000 after purchasing an additional 163,227 shares in the last quarter. Carnegie Investment Counsel purchased a new position in shares of Schwab High Yield Bond ETF in the third quarter valued at $828,000. Finally, Elm3 Financial Group LLC raised 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 valued at $3,479,000 after purchasing an additional 44,258 shares during the period.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA:SCYB opened at $25.23 on Tuesday. The business’s fifty day moving average is $25.38 and its 200 day moving average is $25.98. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a 52-week low of $24.91 and a 52-week high of $26.65.

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.