Focus Financial Network Inc. Makes New Investment in Schwab High Yield Bond ETF (NYSEARCA:SCYB)

Focus Financial Network Inc. purchased a new stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 72,438 shares of the company’s stock, valued at approximately $1,895,000.

Several other large investors also recently modified their holdings of the business. Charles Schwab Trust Co raised its stake in Schwab High Yield Bond ETF by 62.8% during the fourth quarter. Charles Schwab Trust Co now owns 125,345 shares of the company’s stock valued at $3,279,000 after buying an additional 48,372 shares in the last quarter. Breakwater Investment Management increased its holdings in shares of Schwab High Yield Bond ETF by 100.0% in the 4th quarter. Breakwater Investment Management now owns 3,394 shares of the company’s stock worth $89,000 after acquiring an additional 1,697 shares during the period. Sightline Wealth Advisors LLC increased its stake in shares of Schwab High Yield Bond ETF by 104.6% in the fourth quarter. Sightline Wealth Advisors LLC now owns 8,352 shares of the company’s stock valued at $218,000 after purchasing an additional 4,269 shares during the period. Wedmont Private Capital acquired a new position in Schwab High Yield Bond ETF during the 4th quarter worth $1,081,000. Finally, Salem Investment Counselors Inc. bought a new position in Schwab High Yield Bond ETF in the 4th quarter valued at about $180,000.

Schwab High Yield Bond ETF Trading Down 0.2 %

Shares of SCYB stock opened at $26.35 on Wednesday. Schwab High Yield Bond ETF has a 1 year low of $25.36 and a 1 year high of $26.79. The business’s fifty day moving average is $26.33 and its 200-day moving average is $26.39.

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.