Baer Investment Advisory LLC Invests $954,000 in AB High Yield ETF $HYFI
by Tristan Rich · The Markets DailyBaer Investment Advisory LLC acquired a new position in AB High Yield ETF (NYSEARCA:HYFI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,650 shares of the company’s stock, valued at approximately $954,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fjell Capital LLC lifted its holdings in shares of AB High Yield ETF by 2.1% in the fourth quarter. Fjell Capital LLC now owns 47,369 shares of the company’s stock worth $1,780,000 after buying an additional 960 shares in the last quarter. Sanctuary Advisors LLC grew its stake in AB High Yield ETF by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 15,214 shares of the company’s stock valued at $572,000 after acquiring an additional 1,143 shares in the last quarter. Kestra Advisory Services LLC grew its stake in AB High Yield ETF by 6.1% during the fourth quarter. Kestra Advisory Services LLC now owns 29,056 shares of the company’s stock valued at $1,092,000 after acquiring an additional 1,677 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in AB High Yield ETF during the 3rd quarter worth approximately $66,000. Finally, Mariner LLC increased its holdings in AB High Yield ETF by 11.7% during the 4th quarter. Mariner LLC now owns 17,707 shares of the company’s stock worth $665,000 after acquiring an additional 1,861 shares during the period.
AB High Yield ETF Stock Performance
NYSEARCA HYFI opened at $37.14 on Friday. AB High Yield ETF has a 1 year low of $36.64 and a 1 year high of $38.27. The company’s 50 day simple moving average is $37.33 and its two-hundred day simple moving average is $37.46.
AB High Yield ETF Profile
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. HYFI was launched on May 15, 2023 and is managed by AB Funds.
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