Financial Advocates Investment Management Boosts Holdings in AB High Yield ETF (NYSEARCA:HYFI)

Financial Advocates Investment Management grew its position in AB High Yield ETF (NYSEARCA:HYFI) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,727 shares of the company’s stock after buying an additional 8,342 shares during the period. Financial Advocates Investment Management owned 2.05% of AB High Yield ETF worth $2,698,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC purchased a new stake in shares of AB High Yield ETF in the 3rd quarter valued at approximately $72,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of AB High Yield ETF by 25.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,234 shares of the company’s stock worth $266,000 after purchasing an additional 1,467 shares during the period. Good Life Advisors LLC purchased a new position in shares of AB High Yield ETF during the 3rd quarter worth approximately $317,000. Sanctuary Advisors LLC purchased a new position in shares of AB High Yield ETF during the 2nd quarter worth approximately $363,000. Finally, Kingsview Wealth Management LLC boosted its position in shares of AB High Yield ETF by 39.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 11,021 shares of the company’s stock worth $405,000 after purchasing an additional 3,142 shares during the period.

AB High Yield ETF Stock Down 0.2 %

NYSEARCA:HYFI opened at $37.14 on Friday. The company has a 50 day moving average price of $37.30 and a 200 day moving average price of $36.78. AB High Yield ETF has a fifty-two week low of $34.07 and a fifty-two week high of $38.58.

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.