Bank of America Corp DE Acquires 3,617 Shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB)

Bank of America Corp DE boosted its holdings in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) by 169.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,748 shares of the company’s stock after acquiring an additional 3,617 shares during the period. Bank of America Corp DE owned about 0.20% of Schwab High Yield Bond ETF worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at about $215,000. Jane Street Group LLC boosted its holdings in shares of Schwab High Yield Bond ETF by 342.5% in the 4th quarter. Jane Street Group LLC now owns 61,892 shares of the company’s stock valued at $1,619,000 after buying an additional 47,906 shares in the last quarter. TT Capital Management LLC bought a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at about $463,000. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab High Yield Bond ETF by 106.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,770 shares of the company’s stock valued at $229,000 after buying an additional 4,518 shares in the last quarter. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of Schwab High Yield Bond ETF in the 4th quarter valued at about $512,000.

Schwab High Yield Bond ETF Stock Up 0.3%

Shares of Schwab High Yield Bond ETF stock opened at $26.19 on Tuesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 60.28 and a beta of 0.33. The company has a 50 day moving average price of $25.92 and a 200 day moving average price of $26.13. Schwab High Yield Bond ETF has a 52 week low of $24.73 and a 52 week high of $26.79.

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.