MMA Asset Management LLC Invests $1.26 Million in Schwab High Yield Bond ETF $SCYB

MMA Asset Management LLC purchased a new position in shares of Schwab High Yield Bond ETF (NYSEARCA:SCYB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,539 shares of the company’s stock, valued at approximately $1,262,000. MMA Asset Management LLC owned approximately 0.10% of Schwab High Yield Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Evergreen Advisors LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the second quarter worth approximately $584,000. World Investment Advisors increased its stake in shares of Schwab High Yield Bond ETF by 43.2% during the second quarter. World Investment Advisors now owns 39,092 shares of the company’s stock worth $1,038,000 after buying an additional 11,792 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the second quarter worth approximately $681,000. Forum Financial Management LP increased its stake in shares of Schwab High Yield Bond ETF by 7.1% during the second quarter. Forum Financial Management LP now owns 10,295 shares of the company’s stock worth $273,000 after buying an additional 684 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of Schwab High Yield Bond ETF by 7.9% during the second quarter. Brookstone Capital Management now owns 10,345 shares of the company’s stock worth $275,000 after buying an additional 761 shares during the period.

Schwab High Yield Bond ETF Stock Performance

SCYB stock opened at $26.51 on Monday. The company’s 50 day moving average price is $26.59 and its 200 day moving average price is $26.34. 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 capitalization of $1.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Company 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.