Hidden Cove Wealth Management LLC Acquires 163,227 Shares of Schwab High Yield Bond ETF $SCYB

Hidden Cove Wealth Management LLC increased its holdings in Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 449.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 199,556 shares of the company’s stock after acquiring an additional 163,227 shares during the period. Schwab High Yield Bond ETF makes up about 2.7% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 10th largest holding. Hidden Cove Wealth Management LLC’s holdings in Schwab High Yield Bond ETF were worth $5,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its stake in Schwab High Yield Bond ETF by 81.9% during the third quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock worth $48,000 after buying an additional 851 shares during the period. Axis Wealth Partners LLC increased its holdings in Schwab High Yield Bond ETF by 13.1% in the 1st quarter. Axis Wealth Partners LLC now owns 8,669 shares of the company’s stock valued at $225,000 after purchasing an additional 1,007 shares during the last quarter. Align Financial LLC acquired a new stake in Schwab High Yield Bond ETF in the 3rd quarter valued at approximately $28,000. WealthBridge Capital Management LLC raised its position in Schwab High Yield Bond ETF by 6.1% in the first quarter. WealthBridge Capital Management LLC now owns 19,746 shares of the company’s stock valued at $513,000 after purchasing an additional 1,135 shares during the period. Finally, Bogart Wealth LLC raised its position in Schwab High Yield Bond ETF by 5.0% in the first quarter. Bogart Wealth LLC now owns 30,455 shares of the company’s stock valued at $792,000 after purchasing an additional 1,447 shares during the period.

Schwab High Yield Bond ETF Stock Down 0.1%

NYSEARCA:SCYB traded down $0.02 during trading hours on Monday, reaching $25.06. 1,109,309 shares of the stock were exchanged, compared to its average volume of 1,167,894. The business has a 50-day moving average of $25.66 and a two-hundred day moving average of $25.96. Schwab High Yield Bond ETF has a twelve month low of $24.91 and a twelve month high of $26.72. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28.

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.