Schwab High Yield Bond ETF Stock Scheduled to Split on Friday, October 11th (NYSEARCA:SCYB)

Schwab High Yield Bond ETF (NYSEARCA:SCYB) shares are set to split on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, October 10th.

Schwab High Yield Bond ETF Trading Down 0.2 %

SCYB stock opened at $53.04 on Monday. The company has a fifty day moving average price of $52.75 and a 200 day moving average price of $52.01. Schwab High Yield Bond ETF has a 12 month low of $48.50 and a 12 month high of $53.58.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

Several institutional investors have recently bought and sold shares of SCYB. CWM LLC acquired a new position in Schwab High Yield Bond ETF in the 2nd quarter valued at $74,000. Breakwater Investment Management increased its stake in Schwab High Yield Bond ETF by 8,831.6% in the 2nd quarter. Breakwater Investment Management now owns 1,697 shares of the company’s stock valued at $88,000 after buying an additional 1,678 shares during the period. Finally, Americana Partners LLC acquired a new position in Schwab High Yield Bond ETF in the 2nd quarter valued at $1,018,000.

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.