Redwood Financial Network Corp Sells 381 Shares of AB High Yield ETF (NYSEARCA:HYFI)

Redwood Financial Network Corp trimmed its stake in shares of AB High Yield ETF (NYSEARCA:HYFI) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,464 shares of the company’s stock after selling 381 shares during the quarter. Redwood Financial Network Corp’s holdings in AB High Yield ETF were worth $423,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in AB High Yield ETF during the 3rd quarter worth $463,000. Atria Wealth Solutions Inc. boosted its position in shares of AB High Yield ETF by 10.6% during 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 in the last quarter. Independent Advisor Alliance bought a new stake in shares of AB High Yield ETF in the 4th quarter valued at $502,000. Fjell Capital LLC acquired a new position in shares of AB High Yield ETF during the fourth quarter valued at about $3,348,000. Finally, Raymond James Financial Inc. acquired a new stake in AB High Yield ETF in the fourth quarter valued at approximately $9,358,000.

AB High Yield ETF Price Performance

NYSEARCA:HYFI opened at $36.87 on Thursday. The firm has a 50-day moving average of $36.49 and a 200-day moving average of $36.97. AB High Yield ETF has a one year low of $34.74 and a one year 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.