Focus Financial Network Inc. Invests $1.90 Million in Schwab High Yield Bond ETF (NYSEARCA:SCYB)

Focus Financial Network Inc. purchased a new position in Schwab High Yield Bond ETF (NYSEARCA:SCYB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 72,438 shares of the company’s stock, valued at approximately $1,895,000. Focus Financial Network Inc. owned about 2.54% of Schwab High Yield Bond ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Breakwater Investment Management boosted its stake in shares of Schwab High Yield Bond ETF by 100.0% in the fourth 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. Salem Investment Counselors Inc. purchased a new stake in Schwab High Yield Bond ETF during the fourth quarter valued at approximately $180,000. Sightline Wealth Advisors LLC grew its position in Schwab High Yield Bond ETF by 104.6% in the 4th quarter. Sightline Wealth Advisors LLC now owns 8,352 shares of the company’s stock valued at $218,000 after acquiring an additional 4,269 shares during the last quarter. Columbus Macro LLC increased its stake in Schwab High Yield Bond ETF by 100.6% in the 3rd quarter. Columbus Macro LLC now owns 8,446 shares of the company’s stock worth $452,000 after buying an additional 4,236 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Schwab High Yield Bond ETF during the third quarter worth approximately $748,000.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA:SCYB opened at $26.35 on Wednesday. The firm has a 50-day simple moving average of $26.33 and a 200-day simple moving average of $26.39. Schwab High Yield Bond ETF has a one year low of $25.36 and a one year high of $26.79.

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.