Dahring Cusmano LLC Buys Shares of 278,758 Schwab High Yield Bond ETF $SCYB

Dahring Cusmano LLC purchased a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 278,758 shares of the company’s stock, valued at approximately $7,451,000. Schwab High Yield Bond ETF accounts for 5.4% of Dahring Cusmano LLC’s portfolio, making the stock its 7th biggest position.

Several other institutional investors also recently bought and sold shares of SCYB. Harbour Investments Inc. raised its stake in Schwab High Yield Bond ETF by 2,441.3% in the second quarter. Harbour Investments Inc. now owns 13,240 shares of the company’s stock worth $351,000 after buying an additional 12,719 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of Schwab High Yield Bond ETF by 7.9% in the 2nd quarter. Brookstone Capital Management now owns 10,345 shares of the company’s stock valued at $275,000 after acquiring an additional 761 shares during the period. Forum Financial Management LP increased its holdings in shares of Schwab High Yield Bond ETF by 7.1% in the 2nd quarter. Forum Financial Management LP now owns 10,295 shares of the company’s stock valued at $273,000 after acquiring an additional 684 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in shares of Schwab High Yield Bond ETF in the 2nd quarter worth $681,000. Finally, World Investment Advisors lifted its stake in shares of Schwab High Yield Bond ETF by 43.2% during the 2nd quarter. World Investment Advisors now owns 39,092 shares of the company’s stock worth $1,038,000 after purchasing an additional 11,792 shares during the last quarter.

Schwab High Yield Bond ETF Price Performance

Shares of SCYB stock opened at $26.47 on Wednesday. The stock’s 50-day moving average is $26.50 and its 200 day moving average is $26.51. Schwab High Yield Bond ETF has a 1-year low of $24.73 and a 1-year high of $26.78. The company has a market cap of $2.26 billion, a P/E ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.1558 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. This is an increase from Schwab High Yield Bond ETF’s previous monthly dividend of $0.14.

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.