LPL Financial LLC Raises Stock Position in AB High Yield ETF (NYSEARCA:HYFI)

LPL Financial LLC lifted its stake in AB High Yield ETF (NYSEARCA:HYFI) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,486,525 shares of the company’s stock after buying an additional 194,143 shares during the period. LPL Financial LLC owned approximately 0.42% of AB High Yield ETF worth $54,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avaii Wealth Management LLC boosted its stake in AB High Yield ETF by 3.4% in the fourth quarter. Avaii Wealth Management LLC now owns 15,132 shares of the company’s stock valued at $558,000 after acquiring an additional 498 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of 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 valued at $241,000 after purchasing an additional 622 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of AB High Yield ETF by 6.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,156 shares of the company’s stock valued at $375,000 after purchasing an additional 633 shares during the period. Kingsview Wealth Management LLC grew its stake in AB High Yield ETF by 7.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,877 shares of the company’s stock worth $438,000 after buying an additional 856 shares during the last quarter. Finally, Advisory Resource Group increased its position in AB High Yield ETF by 3.4% during the fourth quarter. Advisory Resource Group now owns 89,777 shares of the company’s stock worth $3,312,000 after buying an additional 2,974 shares during the period.

AB High Yield ETF Price Performance

HYFI stock opened at $36.96 on Friday. The business has a 50 day simple moving average of $37.21 and a 200-day simple moving average of $37.23. AB High Yield ETF has a twelve month low of $34.94 and a twelve month high of $40.14.

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.