Envestnet Asset Management Inc. Acquires 32,033 Shares of AB High Yield ETF (NYSEARCA:HYFI)

Envestnet Asset Management Inc. grew its holdings in AB High Yield ETF (NYSEARCA:HYFI) by 76.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,738 shares of the company’s stock after acquiring an additional 32,033 shares during the quarter. Envestnet Asset Management Inc. owned 2.11% of AB High Yield ETF worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its stake in AB High Yield ETF by 4.3% during the 2nd quarter. LPL Financial LLC now owns 1,173,250 shares of the company’s stock valued at $42,718,000 after purchasing an additional 47,992 shares during the last quarter. Advisory Resource Group lifted its stake in shares of AB High Yield ETF by 3.3% in the second quarter. Advisory Resource Group now owns 87,698 shares of the company’s stock valued at $3,193,000 after buying an additional 2,778 shares during the period. Financial Advocates Investment Management grew its position in AB High Yield ETF by 87.6% during the second quarter. Financial Advocates Investment Management now owns 63,385 shares of the company’s stock worth $2,308,000 after buying an additional 29,606 shares in the last quarter. Systelligence LLC increased its stake in AB High Yield ETF by 0.5% during the second quarter. Systelligence LLC now owns 56,803 shares of the company’s stock valued at $2,068,000 after acquiring an additional 303 shares during the period. Finally, Private Advisor Group LLC acquired a new position in AB High Yield ETF in the 2nd quarter valued at approximately $1,099,000.

AB High Yield ETF Price Performance

Shares of NYSEARCA:HYFI opened at $37.30 on Friday. AB High Yield ETF has a 1-year low of $33.83 and a 1-year high of $38.58. The business’s 50 day moving average is $37.14 and its 200-day moving average is $36.68.

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.