Brookstone Capital Management Buys 31,185 Shares of Schwab High Yield Bond ETF $SCYB

Brookstone Capital Management lifted its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 285.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,122 shares of the company’s stock after purchasing an additional 31,185 shares during the period. Brookstone Capital Management’s holdings in Schwab High Yield Bond ETF were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Balboa Wealth Partners bought a new position in shares of Schwab High Yield Bond ETF in the first quarter worth $212,000. Prairiewood Capital LLC bought a new position in Schwab High Yield Bond ETF in the first quarter valued at about $1,531,000. BlueSky Wealth Advisors LLC acquired a new position in Schwab High Yield Bond ETF during the first quarter worth about $1,088,000. World Investment Advisors raised its stake in Schwab High Yield Bond ETF by 12.4% during the fourth quarter. World Investment Advisors now owns 60,164 shares of the company’s stock worth $1,590,000 after acquiring an additional 6,642 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of Schwab High Yield Bond ETF in the fourth quarter worth about $420,000.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SCYB opened at $26.15 on Friday. The company has a fifty day moving average of $26.18 and a 200-day moving average of $26.29. The company has a market capitalization of $2.43 billion, a PE 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 Company 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.