Prevail Innovative Wealth Advisors LLC Purchases Shares of 28,886 Schwab High Yield Bond ETF $SCYB

Prevail Innovative Wealth Advisors LLC purchased a new stake in Schwab High Yield Bond ETF (NYSEARCA:SCYB) during the third quarter, Holdings Channel reports. The firm purchased 28,886 shares of the company’s stock, valued at approximately $772,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tidal Investments LLC raised its stake in shares of Schwab High Yield Bond ETF by 65.6% during the 2nd quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after acquiring an additional 652,496 shares in the last quarter. Charles Schwab Trust Co boosted its stake in Schwab High Yield Bond ETF by 9.6% in the third quarter. Charles Schwab Trust Co now owns 420,880 shares of the company’s stock valued at $11,250,000 after acquiring an additional 36,725 shares in the last quarter. Dahring Cusmano LLC acquired a new stake in Schwab High Yield Bond ETF in the third quarter valued at approximately $7,451,000. Strategic Financial Planning Inc. purchased a new position in Schwab High Yield Bond ETF in the second quarter worth $5,706,000. Finally, Breakthru Advisory Services LLC purchased a new position in Schwab High Yield Bond ETF in the third quarter worth $5,432,000.

Schwab High Yield Bond ETF Trading Down 0.5%

Shares of SCYB stock opened at $26.08 on Monday. Schwab High Yield Bond ETF has a 12-month low of $24.73 and a 12-month high of $26.78. The business’s fifty day simple moving average is $26.49 and its 200-day simple moving average is $26.51. The company has a market cap of $2.23 billion, a PE ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.1449 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, March 2nd.

Schwab High Yield Bond ETF 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.