Prevail Innovative Wealth Advisors LLC Buys 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) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,886 shares of the company’s stock, valued at approximately $772,000.

Several other hedge funds have also recently modified their holdings of SCYB. WealthBridge Capital Management LLC increased its holdings in Schwab High Yield Bond ETF by 2.4% during the third quarter. WealthBridge Capital Management LLC now owns 17,701 shares of the company’s stock valued at $473,000 after buying an additional 407 shares during the period. Bogart Wealth LLC raised its stake in Schwab High Yield Bond ETF by 1.7% in the third quarter. Bogart Wealth LLC now owns 28,476 shares of the company’s stock worth $761,000 after buying an additional 470 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in Schwab High Yield Bond ETF by 2.9% during the third quarter. Joseph P. Lucia & Associates LLC now owns 19,021 shares of the company’s stock worth $508,000 after buying an additional 530 shares during the period. OMNI 360 Wealth Inc. lifted its holdings in Schwab High Yield Bond ETF by 3.4% during the third quarter. OMNI 360 Wealth Inc. now owns 26,050 shares of the company’s stock worth $696,000 after buying an additional 863 shares during the period. Finally, Howe & Rusling Inc. boosted its position in Schwab High Yield Bond ETF by 650.7% during the 2nd quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock valued at $28,000 after acquiring an additional 924 shares in the last quarter.

Schwab High Yield Bond ETF Trading Down 0.5%

Shares of NYSEARCA:SCYB 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 capitalization of $2.23 billion, a PE ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Cuts Dividend

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

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.