Bennett Selby Investments LP Makes New $773,000 Investment in Schwab High Yield Bond ETF $SCYB

Bennett Selby Investments LP purchased a new stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,918 shares of the company’s stock, valued at approximately $773,000.

Several other hedge funds also recently modified their holdings of the company. Tidal Investments LLC raised its position in Schwab High Yield Bond ETF by 65.6% in the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock valued at $43,450,000 after purchasing an additional 652,496 shares during the last quarter. Charles Schwab Trust Co increased its stake in shares of Schwab High Yield Bond ETF by 189.8% in the second quarter. Charles Schwab Trust Co now owns 384,155 shares of the company’s stock valued at $10,195,000 after buying an additional 251,574 shares during the period. Strategic Financial Planning Inc. bought a new position in Schwab High Yield Bond ETF in the 2nd quarter valued at approximately $5,706,000. L2 Asset Management LLC boosted its position in Schwab High Yield Bond ETF by 5.6% during the 2nd quarter. L2 Asset Management LLC now owns 188,111 shares of the company’s stock worth $4,992,000 after buying an additional 9,892 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Schwab High Yield Bond ETF during the 2nd quarter worth approximately $4,188,000.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA SCYB opened at $26.44 on Thursday. The firm has a 50 day moving average price of $26.47 and a two-hundred day moving average price of $26.45. The stock has a market cap of $1.81 billion, a P/E ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 52-week low of $24.73 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.