MMA Asset Management LLC Buys 24,326 Shares of Schwab High Yield Bond ETF $SCYB

MMA Asset Management LLC grew its stake in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 51.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,865 shares of the company’s stock after acquiring an additional 24,326 shares during the period. MMA Asset Management LLC owned about 0.11% of Schwab High Yield Bond ETF worth $1,921,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Schwab High Yield Bond ETF by 65,621.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 102,526 shares of the company’s stock worth $2,733,000 after purchasing an additional 102,370 shares during the period. Meridian Wealth Management LLC purchased a new stake in Schwab High Yield Bond ETF in the third quarter worth $228,000. Sightline Wealth Advisors LLC bought a new stake in shares of Schwab High Yield Bond ETF in the third quarter valued at $457,000. Bogart Wealth LLC lifted its position in shares of Schwab High Yield Bond ETF by 1.7% during the 3rd quarter. Bogart Wealth LLC now owns 28,476 shares of the company’s stock valued at $761,000 after buying an additional 470 shares during the last quarter. Finally, Forum Financial Management LP lifted its position in shares of Schwab High Yield Bond ETF by 84.8% during the 3rd quarter. Forum Financial Management LP now owns 19,026 shares of the company’s stock valued at $509,000 after buying an additional 8,731 shares during the last quarter.

Schwab High Yield Bond ETF Stock Performance

Shares of SCYB opened at $26.46 on Friday. The business has a 50-day moving average of $26.50 and a 200 day moving average of $26.51. Schwab High Yield Bond ETF has a fifty-two week low of $24.73 and a fifty-two week high of $26.78. The firm has a market cap of $2.26 billion, a P/E ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.1558 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from Schwab High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 7.1%.

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.