Texas Capital Bank Wealth Management Services Inc Takes Position in Schwab High Yield Bond ETF $SCYB

Texas Capital Bank Wealth Management Services Inc purchased a new stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,504 shares of the company’s stock, valued at approximately $991,000.

Other large investors have also made changes to their positions in the company. AlphaCore Capital LLC purchased a new stake in shares of Schwab High Yield Bond ETF in the third quarter valued at approximately $29,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Schwab High Yield Bond ETF in the fourth quarter valued at approximately $88,000. IFP Advisors Inc grew its position in shares of Schwab High Yield Bond ETF by 67.6% in the third quarter. IFP Advisors Inc now owns 5,176 shares of the company’s stock valued at $138,000 after purchasing an additional 2,088 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Schwab High Yield Bond ETF in the third quarter valued at approximately $164,000. Finally, Osaic Holdings Inc. grew its position in shares of Schwab High Yield Bond ETF by 15.1% in the second quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock valued at $201,000 after purchasing an additional 992 shares in the last quarter.

Schwab High Yield Bond ETF Price Performance

SCYB stock opened at $26.26 on Friday. The business has a 50 day simple moving average of $26.14 and a 200-day simple moving average of $26.34. The firm has a market capitalization of $2.44 billion, a PE ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a 1 year low of $25.70 and a 1 year high of $26.78.

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.