Western Wealth Management LLC Boosts Position in AB High Yield ETF $HYFI

Western Wealth Management LLC boosted its holdings in AB High Yield ETF (NYSEARCA:HYFI) by 180.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,115 shares of the company’s stock after purchasing an additional 44,492 shares during the quarter. Western Wealth Management LLC owned about 0.79% of AB High Yield ETF worth $2,570,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new stake in AB High Yield ETF during the first quarter worth approximately $24,402,000. LPL Financial LLC boosted its holdings in shares of AB High Yield ETF by 17.5% in the 4th quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock valued at $105,033,000 after buying an additional 416,410 shares in the last quarter. Assetmark Inc. grew its position in shares of AB High Yield ETF by 69.8% in the 4th quarter. Assetmark Inc. now owns 445,950 shares of the company’s stock valued at $16,759,000 after buying an additional 183,271 shares during the last quarter. Jane Street Group LLC grew its position in shares of AB High Yield ETF by 164.7% in the 4th quarter. Jane Street Group LLC now owns 92,413 shares of the company’s stock valued at $3,473,000 after buying an additional 57,501 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its position in shares of AB High Yield ETF by 6.9% in the 4th quarter. Wagner Wealth Management LLC now owns 646,526 shares of the company’s stock valued at $24,296,000 after buying an additional 41,688 shares during the last quarter.

AB High Yield ETF Trading Down 0.0%

Shares of NYSEARCA:HYFI opened at $37.09 on Friday. The company’s fifty day moving average price is $37.24 and its 200 day moving average price is $37.38. AB High Yield ETF has a 12 month low of $36.64 and a 12 month high of $38.27.

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. HYFI was launched on May 15, 2023 and is managed by AB Funds.