Brookstone Capital Management Grows Stock Position in Schwab High Yield Bond ETF $SCYB

Brookstone Capital Management increased its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 285.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 42,122 shares of the company’s stock after purchasing an additional 31,185 shares during the period. Brookstone Capital Management’s holdings in Schwab High Yield Bond ETF were worth $1,095,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCYB. Balboa Wealth Partners bought a new position in shares of Schwab High Yield Bond ETF in the 1st quarter worth $212,000. Prairiewood Capital LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the first quarter valued at approximately $1,531,000. BlueSky Wealth Advisors LLC bought a new stake in Schwab High Yield Bond ETF in the 1st quarter worth $1,088,000. World Investment Advisors grew its stake in shares of Schwab High Yield Bond ETF by 12.4% in the fourth quarter. World Investment Advisors now owns 60,164 shares of the company’s stock worth $1,590,000 after purchasing an additional 6,642 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new position in shares of Schwab High Yield Bond ETF during the fourth quarter valued at approximately $420,000.

Schwab High Yield Bond ETF Price Performance

SCYB stock opened at $26.15 on Friday. Schwab High Yield Bond ETF has a 1 year low of $25.70 and a 1 year high of $26.78. The company has a market cap of $2.43 billion, a P/E ratio of 60.28 and a beta of 0.27. The firm has a 50-day moving average of $26.18 and a 200 day moving average of $26.29.

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.