Breakthru Advisory Services LLC Invests $5.43 Million in Schwab High Yield Bond ETF $SCYB

Breakthru Advisory Services LLC acquired a new stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 203,219 shares of the company’s stock, valued at approximately $5,432,000. Schwab High Yield Bond ETF makes up 3.6% of Breakthru Advisory Services LLC’s portfolio, making the stock its 8th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Howe & Rusling Inc. raised its position in Schwab High Yield Bond ETF by 650.7% in the second quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock worth $28,000 after acquiring an additional 924 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Schwab High Yield Bond ETF in the 3rd quarter worth approximately $200,000. Osaic Holdings Inc. raised its holdings in shares of Schwab High Yield Bond ETF by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock worth $201,000 after purchasing an additional 992 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Schwab High Yield Bond ETF during the second quarter valued at approximately $223,000. Finally, Farther Finance Advisors LLC lifted its stake in Schwab High Yield Bond ETF by 163,000.0% during the second quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock valued at $260,000 after purchasing an additional 9,780 shares during the last quarter.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SCYB opened at $26.35 on Friday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 1-year low of $24.73 and a 1-year high of $26.78. The company has a 50 day moving average price of $26.47 and a 200 day moving average price of $26.45.

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.