WealthBridge Capital Management LLC Has $459,000 Stock Holdings in Schwab High Yield Bond ETF $SCYB

WealthBridge Capital Management LLC raised its position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 26.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,294 shares of the company’s stock after purchasing an additional 3,658 shares during the period. WealthBridge Capital Management LLC’s holdings in Schwab High Yield Bond ETF were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. grew its holdings in shares of Schwab High Yield Bond ETF by 650.7% during the 2nd quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock worth $28,000 after purchasing an additional 924 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Schwab High Yield Bond ETF by 163,000.0% in the second quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock worth $260,000 after purchasing an additional 9,780 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Schwab High Yield Bond ETF during the first quarter worth $262,000. Forum Financial Management LP boosted its stake in Schwab High Yield Bond ETF by 7.1% during the second quarter. Forum Financial Management LP now owns 10,295 shares of the company’s stock worth $273,000 after buying an additional 684 shares in the last quarter. Finally, Brookstone Capital Management raised its stake 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 buying an additional 761 shares in the last quarter.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA:SCYB opened at $26.39 on Friday. The company has a 50-day moving average of $26.53 and a 200-day moving average of $26.39. Schwab High Yield Bond ETF has a 52 week low of $24.73 and a 52 week high of $26.78. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32.

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.