iA Global Asset Management Inc. Reduces Stock Position in Schwab High Yield Bond ETF $SCYB

iA Global Asset Management Inc. lowered its stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 88.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,400 shares of the company’s stock after selling 272,000 shares during the quarter. iA Global Asset Management Inc.’s holdings in Schwab High Yield Bond ETF were worth $966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in shares of Schwab High Yield Bond ETF by 2,569.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 234,115 shares of the company’s stock worth $6,113,000 after buying an additional 225,345 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Schwab High Yield Bond ETF by 163,000.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock valued at $260,000 after buying an additional 9,780 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Schwab High Yield Bond ETF in the 1st quarter valued at about $262,000. HighTower Advisors LLC purchased a new stake in Schwab High Yield Bond ETF in the 1st quarter valued at about $1,609,000. Finally, Brookstone Capital Management boosted its position in Schwab High Yield Bond ETF by 7.9% in the 2nd quarter. Brookstone Capital Management now owns 10,345 shares of the company’s stock valued at $275,000 after buying an additional 761 shares during the period.

Schwab High Yield Bond ETF Price Performance

Schwab High Yield Bond ETF stock opened at $26.32 on Tuesday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 1 year low of $24.73 and a 1 year high of $26.78. The firm has a 50-day moving average of $26.59 and a two-hundred day moving average of $26.35.

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.