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

AB High Yield ETF (NYSEARCA:HYFI)’s share price was down 0.2% during trading on Tuesday . The company traded as low as $36.90 and last traded at $36.95. Approximately 15,541 shares changed hands during trading, an increase of 1% from the average daily volume of 15,410 shares. The stock had previously closed at $37.01.

AB High Yield ETF Stock Up 0.1 %

The business has a fifty day moving average of $37.20 and a 200 day moving average of $37.08.

Institutional Inflows and Outflows

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

About AB High Yield ETF

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.