Avaii Wealth Management LLC Acquires 498 Shares of AB High Yield ETF (NYSEARCA:HYFI)

Avaii Wealth Management LLC raised its holdings in shares of AB High Yield ETF (NYSEARCA:HYFI) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,132 shares of the company’s stock after acquiring an additional 498 shares during the quarter. Avaii Wealth Management LLC’s holdings in AB High Yield ETF were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in AB High Yield ETF by 76.8% in the 2nd 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 in the last quarter. Wagner Wealth Management LLC raised its holdings in shares of AB High Yield ETF by 7.8% during the third quarter. Wagner Wealth Management LLC now owns 458,308 shares of the company’s stock valued at $17,237,000 after purchasing an additional 33,099 shares during the last quarter. Private Advisor Group LLC lifted its position in AB High Yield ETF by 192.7% during the third 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 period. Jane Street Group LLC purchased a new stake in AB High Yield ETF in the third quarter worth approximately $265,000. Finally, IHT Wealth Management LLC bought a new stake in AB High Yield ETF in the 3rd quarter worth approximately $4,321,000.

AB High Yield ETF Price Performance

NYSEARCA HYFI opened at $37.33 on Friday. AB High Yield ETF has a 1-year low of $34.94 and a 1-year high of $38.79. The business’s fifty day moving average price is $37.17 and its 200-day moving average price is $37.13.

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.