IFP Advisors Inc Has $143,000 Position in Schwab High Yield Bond ETF (NYSEARCA:SCYB)

IFP Advisors Inc raised its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 181.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,484 shares of the company’s stock after acquiring an additional 3,533 shares during the quarter. IFP Advisors Inc owned approximately 0.19% of Schwab High Yield Bond ETF worth $143,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SCYB. Breakwater Investment Management grew its position in Schwab High Yield Bond ETF by 100.0% during 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 last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Schwab High Yield Bond ETF in the fourth quarter valued at $180,000. 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 buying an additional 4,269 shares in the last quarter. WealthBridge Capital Management LLC raised its holdings in shares of Schwab High Yield Bond ETF by 140.3% in the fourth quarter. WealthBridge Capital Management LLC now owns 10,181 shares of the company’s stock valued at $266,000 after buying an additional 5,945 shares during the last quarter. Finally, L.M. Kohn & Company acquired a new position in Schwab High Yield Bond ETF during the 4th quarter worth about $311,000.

Schwab High Yield Bond ETF Stock Performance

SCYB opened at $26.33 on Wednesday. Schwab High Yield Bond ETF has a 1-year low of $25.36 and a 1-year high of $26.79. The firm has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $26.43.

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.