Good Steward Wealth Advisors LLC Takes Position in AB High Yield ETF (NYSEARCA:HYFI)

Good Steward Wealth Advisors LLC purchased a new position in shares of AB High Yield ETF (NYSEARCA:HYFI) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 177,608 shares of the company’s stock, valued at approximately $6,543,000. AB High Yield ETF accounts for about 6.0% of Good Steward Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Atria Wealth Solutions Inc. increased its holdings in AB High Yield ETF by 10.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,494 shares of the company’s stock worth $241,000 after acquiring an additional 622 shares during the last quarter. Private Advisor Group LLC boosted its position in AB High Yield ETF by 45.6% during the fourth quarter. Private Advisor Group LLC now owns 128,667 shares of the company’s stock worth $4,747,000 after purchasing an additional 40,275 shares during the period. Sigma Planning Corp bought a new position in AB High Yield ETF during the fourth quarter worth about $206,000. Fjell Capital LLC purchased a new position in shares of AB High Yield ETF in the fourth quarter worth about $3,348,000. Finally, MMA Asset Management LLC bought a new stake in shares of AB High Yield ETF in the fourth quarter valued at approximately $200,000.

AB High Yield ETF Stock Performance

Shares of HYFI stock opened at $37.01 on Friday. The firm’s 50 day moving average is $36.72 and its 200 day moving average is $36.92. AB High Yield ETF has a 12 month low of $34.74 and a 12 month high of $40.14.

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.