Principia Wealth Advisory LLC Acquires 47,515 Shares of Schwab High Yield Bond ETF $SCYB

Principia Wealth Advisory LLC grew its holdings in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 40.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,725 shares of the company’s stock after purchasing an additional 47,515 shares during the quarter. Schwab High Yield Bond ETF comprises approximately 1.1% of Principia Wealth Advisory LLC’s portfolio, making the stock its 11th biggest holding. Principia Wealth Advisory LLC owned 0.19% of Schwab High Yield Bond ETF worth $4,378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCYB. Flow Traders U.S. LLC bought a new position in Schwab High Yield Bond ETF during the second quarter worth about $350,000. Bank of America Corp DE boosted its position in Schwab High Yield Bond ETF by 419.3% during the second quarter. Bank of America Corp DE now owns 52,007 shares of the company’s stock worth $1,380,000 after purchasing an additional 41,992 shares during the period. Tidal Investments LLC boosted its position in Schwab High Yield Bond ETF by 65.6% during the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after purchasing an additional 652,496 shares during the period. Captrust Financial Advisors bought a new position in Schwab High Yield Bond ETF during the second quarter worth about $223,000. Finally, Osaic Holdings Inc. boosted its position in Schwab High Yield Bond ETF by 15.1% during the second quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock worth $201,000 after purchasing an additional 992 shares during the period.

Schwab High Yield Bond ETF Stock Up 0.1%

Shares of NYSEARCA:SCYB opened at $26.26 on Friday. Schwab High Yield Bond ETF has a twelve month low of $25.70 and a twelve month high of $26.78. The company has a 50-day moving average price of $26.14 and a two-hundred day moving average price of $26.34. The firm has a market capitalization of $2.44 billion, a PE 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.