AB High Yield ETF (NYSEARCA:HYFI) Trading Down 0.2% – Here’s Why

by · The Cerbat Gem

AB High Yield ETF (NYSEARCA:HYFI – Get Free Report)’s stock price traded down 0.2% on Tuesday . The stock traded as low as $36.90 and last traded at $36.95. 15,541 shares were traded during trading, an increase of 1% from the average session volume of 15,410 shares. The stock had previously closed at $37.01.

AB High Yield ETF Trading Up 0.1 %

The business has a 50-day moving average price of $37.20 and a 200-day moving average price of $37.08.

Institutional Investors Weigh In On AB High Yield ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. IHT Wealth Management LLC acquired a new position in AB High Yield ETF during the third quarter worth $4,321,000. Private Advisor Group LLC lifted its holdings in AB High Yield ETF by 192.7% during the 3rd quarter. Private Advisor Group LLC now owns 88,392 shares of the company’s stock valued at $3,324,000 after purchasing an additional 58,196 shares during the last quarter. LPL Financial LLC lifted its holdings in AB High Yield ETF by 4.3% during the 2nd quarter. LPL Financial LLC now owns 1,173,250 shares of the company’s stock valued at $42,718,000 after purchasing an additional 47,992 shares during the last quarter. Wagner Wealth Management LLC boosted its position in AB High Yield ETF by 7.8% in the third quarter. Wagner Wealth Management LLC now owns 458,308 shares of the company’s stock valued at $17,237,000 after buying an additional 33,099 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in AB High Yield ETF by 76.8% during the second quarter. Envestnet Asset Management Inc. now owns 73,738 shares of the company’s stock worth $2,685,000 after buying an additional 32,033 shares during the last quarter.

AB High Yield ETF Company Profile

(Get Free Report)

The AB High Yield ETF (HYFI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of fixed income securities with high-yield credit rating and various maturities from corporate issuers around the world. Constituents are selected using a combination of quantitative and fundamental research, as well as both top-down and bottom-up analysis.

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