Prairiewood Capital LLC Takes Position in Schwab High Yield Bond ETF $SCYB

Prairiewood Capital LLC purchased a new position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 58,872 shares of the company’s stock, valued at approximately $1,531,000. Schwab High Yield Bond ETF accounts for about 0.4% of Prairiewood Capital LLC’s portfolio, making the stock its 26th largest position.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in Schwab High Yield Bond ETF by 344.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock valued at $27,000 after acquiring an additional 786 shares during the last quarter. AlphaCore Capital LLC bought a new stake in Schwab High Yield Bond ETF during the third quarter worth $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at $33,000. Arax Advisory Partners acquired a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at $39,000. Finally, Howe & Rusling Inc. increased its stake in shares of Schwab High Yield Bond ETF by 367.1% in the 4th quarter. Howe & Rusling Inc. now owns 2,074 shares of the company’s stock valued at $55,000 after purchasing an additional 1,630 shares during the last quarter.

Schwab High Yield Bond ETF Stock Performance

Shares of SCYB opened at $26.18 on Friday. Schwab High Yield Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.78. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. The business’s fifty day moving average is $26.19 and its 200-day moving average is $26.30.

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.