Schwab High Yield Bond ETF $SCYB is Dahring Cusmano LLC’s 6th Largest Position

Dahring Cusmano LLC increased its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 346,378 shares of the company’s stock after buying an additional 23,209 shares during the quarter. Schwab High Yield Bond ETF comprises 5.5% of Dahring Cusmano LLC’s portfolio, making the stock its 6th largest position. Dahring Cusmano LLC owned about 0.37% of Schwab High Yield Bond ETF worth $9,006,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Schwab High Yield Bond ETF by 344.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock worth $27,000 after acquiring an additional 786 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Schwab High Yield Bond ETF in the fourth quarter valued at approximately $33,000. Arax Advisory Partners acquired a new stake in Schwab High Yield Bond ETF in the fourth quarter valued at approximately $39,000. Howe & Rusling Inc. raised its stake in shares of Schwab High Yield Bond ETF by 367.1% during the fourth quarter. Howe & Rusling Inc. now owns 2,074 shares of the company’s stock valued at $55,000 after purchasing an additional 1,630 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the fourth quarter valued at approximately $88,000.

Schwab High Yield Bond ETF Trading Down 0.1%

NYSEARCA SCYB opened at $26.10 on Friday. The company’s fifty day simple moving average is $26.13 and its 200-day simple moving average is $26.26. Schwab High Yield Bond ETF has a 52 week low of $25.70 and a 52 week high of $26.78. 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 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.