Jones Financial Companies Lllp Has $2.73 Million Stock Holdings in Schwab High Yield Bond ETF $SCYB

Jones Financial Companies Lllp grew its position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 65,621.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,526 shares of the company’s stock after purchasing an additional 102,370 shares during the quarter. Jones Financial Companies Lllp owned about 0.15% of Schwab High Yield Bond ETF worth $2,733,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new stake in Schwab High Yield Bond ETF during the third quarter worth approximately $228,000. Sightline Wealth Advisors LLC bought a new position in Schwab High Yield Bond ETF in the third quarter valued at approximately $457,000. Bogart Wealth LLC lifted its stake in Schwab High Yield Bond ETF by 1.7% during the third quarter. Bogart Wealth LLC now owns 28,476 shares of the company’s stock worth $761,000 after purchasing an additional 470 shares during the last quarter. Forum Financial Management LP increased its stake in shares of Schwab High Yield Bond ETF by 84.8% in the 3rd quarter. Forum Financial Management LP now owns 19,026 shares of the company’s stock valued at $509,000 after purchasing an additional 8,731 shares during the last quarter. Finally, Clearview Wealth Advisors LLC bought a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter worth $242,000.

Schwab High Yield Bond ETF Trading Up 0.2%

Shares of Schwab High Yield Bond ETF stock opened at $26.46 on Monday. The firm’s 50 day moving average is $26.50 and its 200 day moving average is $26.51. The firm has a market capitalization of $2.26 billion, a PE 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.

Schwab High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1558 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Schwab High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

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.