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

AB High Yield ETF (NYSEARCA:HYFI)’s stock price was down 0.2% 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 Performance

The business’s 50 day simple moving average is $37.21 and its 200-day simple moving average is $37.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HYFI. IHT Wealth Management LLC bought a new position in shares of AB High Yield ETF in the third quarter valued at approximately $4,321,000. Private Advisor Group LLC boosted its holdings in AB High Yield ETF by 192.7% during the third quarter. Private Advisor Group LLC now owns 88,392 shares of the company’s stock worth $3,324,000 after buying an additional 58,196 shares in the last quarter. LPL Financial LLC boosted its holdings in AB High Yield ETF by 4.3% during the second quarter. LPL Financial LLC now owns 1,173,250 shares of the company’s stock worth $42,718,000 after buying an additional 47,992 shares in the last quarter. Wagner Wealth Management LLC boosted its holdings in AB High Yield ETF by 7.8% during the third 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted 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 buying an additional 32,033 shares in the last quarter.

AB High Yield ETF Company 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.