Principia Wealth Advisory LLC Increases Holdings in Schwab High Yield Bond ETF $SCYB

Principia Wealth Advisory LLC lifted its position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 40.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 165,725 shares of the company’s stock after purchasing an additional 47,515 shares during the quarter. Schwab High Yield Bond ETF accounts for about 1.1% of Principia Wealth Advisory LLC’s holdings, making the stock its 11th largest holding. Principia Wealth Advisory LLC’s holdings in Schwab High Yield Bond ETF were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SCYB. Flow Traders U.S. LLC purchased a new position in shares of Schwab High Yield Bond ETF during the 2nd quarter valued at about $350,000. Bank of America Corp DE raised its holdings in shares of Schwab High Yield Bond ETF by 419.3% during the 2nd quarter. Bank of America Corp DE now owns 52,007 shares of the company’s stock valued at $1,380,000 after buying an additional 41,992 shares in the last quarter. Tidal Investments LLC raised its holdings 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 valued at $43,450,000 after buying an additional 652,496 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Schwab High Yield Bond ETF during the 2nd quarter valued at about $223,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Schwab High Yield Bond ETF by 15.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock valued at $201,000 after buying an additional 992 shares in the last quarter.

Schwab High Yield Bond ETF Trading Up 0.1%

Shares of NYSEARCA SCYB opened at $26.26 on Friday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a 1-year low of $25.70 and a 1-year high of $26.78. The stock’s 50-day moving average is $26.14 and its 200 day moving average is $26.34.

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.