Raymond James Financial Inc. Buys New Stake in AB High Yield ETF (NYSEARCA:HYFI)

Raymond James Financial Inc. bought a new stake in AB High Yield ETF (NYSEARCA:HYFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 253,644 shares of the company’s stock, valued at approximately $9,358,000. Raymond James Financial Inc. owned about 7.25% of AB High Yield ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HYFI. Wagner Wealth Management LLC grew its stake in shares of AB High Yield ETF by 14.2% in the fourth quarter. Wagner Wealth Management LLC now owns 523,281 shares of the company’s stock worth $19,306,000 after acquiring an additional 64,973 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of AB High Yield ETF by 45.6% in the fourth quarter. Private Advisor Group LLC now owns 128,667 shares of the company’s stock worth $4,747,000 after acquiring an additional 40,275 shares in the last quarter. IHT Wealth Management LLC acquired a new position in shares of AB High Yield ETF in the third quarter worth $4,321,000. Fjell Capital LLC acquired a new position in shares of AB High Yield ETF in the fourth quarter worth $3,348,000. Finally, Advisory Resource Group grew its stake in shares of AB High Yield ETF by 3.4% in the fourth quarter. Advisory Resource Group now owns 89,777 shares of the company’s stock worth $3,312,000 after acquiring an additional 2,974 shares in the last quarter.

AB High Yield ETF Stock Performance

NYSEARCA:HYFI opened at $37.03 on Friday. The company has a fifty day simple moving average of $37.21 and a two-hundred day simple moving average of $37.23. AB High Yield ETF has a 52 week low of $34.94 and a 52 week 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.