Tidal Investments LLC Sells 88,353 Shares of Schwab High Yield Bond ETF $SCYB

Tidal Investments LLC trimmed its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 6.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,345,265 shares of the company’s stock after selling 88,353 shares during the period. Tidal Investments LLC owned about 1.27% of Schwab High Yield Bond ETF worth $35,018,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Trust Co raised its stake in shares of Schwab High Yield Bond ETF by 0.8% during the second quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock worth $13,332,000 after acquiring an additional 3,814 shares in the last quarter. Dahring Cusmano LLC grew its holdings in shares of Schwab High Yield Bond ETF by 7.2% during the 1st quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock valued at $9,006,000 after purchasing an additional 23,209 shares during the last quarter. Strategic Financial Planning Inc. raised its position in Schwab High Yield Bond ETF by 3.9% in the 4th quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock worth $6,276,000 after purchasing an additional 8,828 shares during the period. L2 Asset Management LLC raised its position in Schwab High Yield Bond ETF by 3.2% in the 4th quarter. L2 Asset Management LLC now owns 229,194 shares of the company’s stock worth $6,055,000 after purchasing an additional 7,030 shares during the period. Finally, Principia Wealth Advisory LLC lifted its stake in Schwab High Yield Bond ETF by 40.2% in the fourth quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock worth $4,378,000 after purchasing an additional 47,515 shares during the last quarter.

Schwab High Yield Bond ETF Stock Down 0.2%

Schwab High Yield Bond ETF stock opened at $25.83 on Thursday. The firm has a fifty day simple moving average of $26.01 and a two-hundred day simple moving average of $26.11. Schwab High Yield Bond ETF has a twelve month low of $25.70 and a twelve month high of $26.78. The company has a market capitalization of $2.74 billion, a PE ratio of 60.28 and a beta of 0.27.

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.