Breakthru Advisory Services LLC Sells 219,334 Shares of Schwab High Yield Bond ETF $SCYB

Breakthru Advisory Services LLC trimmed its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 95.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,993 shares of the company’s stock after selling 219,334 shares during the quarter. Breakthru Advisory Services LLC’s holdings in Schwab High Yield Bond ETF were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Elm3 Financial Group LLC purchased a new position in shares of Schwab High Yield Bond ETF during the 4th quarter worth about $1,684,000. Avior Wealth Management LLC purchased a new stake in Schwab High Yield Bond ETF in the 4th quarter worth about $805,000. Evergreen Advisors LLC purchased a new stake in Schwab High Yield Bond ETF in the 4th quarter worth about $634,000. Prevail Innovative Wealth Advisors LLC bought a new stake in Schwab High Yield Bond ETF in the third quarter worth about $772,000. Finally, L2 Asset Management LLC lifted its stake in Schwab High Yield Bond ETF by 18.1% in the third quarter. L2 Asset Management LLC now owns 222,164 shares of the company’s stock worth $5,938,000 after purchasing an additional 34,053 shares during the last quarter.

Schwab High Yield Bond ETF Price Performance

Shares of NYSEARCA:SCYB opened at $26.18 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 60.28 and a beta of 0.27. The business has a 50 day simple moving average of $26.19 and a two-hundred day simple moving average of $26.30. Schwab High Yield Bond ETF has a 1 year low of $25.70 and a 1 year high of $26.78.

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.