Cetera Investment Advisers Lowers Holdings in Schwab High Yield Bond ETF $SCYB

Cetera Investment Advisers reduced its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 82.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 30,948 shares of the company’s stock after selling 146,071 shares during the period. Cetera Investment Advisers’ holdings in Schwab High Yield Bond ETF were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SCYB. Charles Schwab Investment Management Inc. lifted its holdings in shares of Schwab High Yield Bond ETF by 9.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,761,725 shares of the company’s stock worth $359,319,000 after buying an additional 1,183,192 shares in the last quarter. HighTower Advisors LLC purchased a new position in Schwab High Yield Bond ETF during the first quarter valued at $1,609,000. JT Stratford LLC increased its holdings in Schwab High Yield Bond ETF by 37.5% in the 1st quarter. JT Stratford LLC now owns 41,859 shares of the company’s stock valued at $1,093,000 after acquiring an additional 11,410 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Schwab High Yield Bond ETF in the 1st quarter worth $262,000. Finally, OMNI 360 Wealth Inc. bought a new position in shares of Schwab High Yield Bond ETF during the 2nd quarter valued at about $668,000.

Schwab High Yield Bond ETF Stock Down 0.0%

Shares of Schwab High Yield Bond ETF stock opened at $26.50 on Friday. Schwab High Yield Bond ETF has a twelve month low of $24.73 and a twelve month high of $26.78. The business has a 50-day moving average price of $26.49 and a 200-day moving average price of $26.43. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32.

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.