Evergreen Advisors LLC Has $52,000 Position in Schwab High Yield Bond ETF $SCYB

Evergreen Advisors LLC cut its position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 91.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,010 shares of the company’s stock after selling 22,000 shares during the period. Evergreen Advisors LLC’s holdings in Schwab High Yield Bond ETF were worth $52,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in shares of Schwab High Yield Bond ETF by 65.6% during the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after purchasing an additional 652,496 shares during the last quarter. Cornerstone Enterprises LLC bought a new position in Schwab High Yield Bond ETF in the 4th quarter valued at approximately $15,389,000. Charles Schwab Trust Co raised its holdings in Schwab High Yield Bond ETF by 3.3% in the 4th quarter. Charles Schwab Trust Co now owns 434,937 shares of the company’s stock valued at $11,491,000 after buying an additional 14,057 shares during the last quarter. Dahring Cusmano LLC boosted its position in Schwab High Yield Bond ETF by 15.9% during the 4th quarter. Dahring Cusmano LLC now owns 323,169 shares of the company’s stock worth $8,538,000 after buying an additional 44,411 shares during the period. Finally, Strategic Financial Planning Inc. grew its holdings in Schwab High Yield Bond ETF by 3.9% during the 4th quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock worth $6,276,000 after acquiring an additional 8,828 shares during the last quarter.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA SCYB opened at $26.10 on Friday. The firm has a 50 day moving average price of $26.13 and a two-hundred day moving average price of $26.26. The stock has a market cap of $2.68 billion, a P/E ratio of 60.28 and a beta of 0.27. Schwab High Yield Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.78.

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.