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

Western Wealth Management LLC boosted its position in shares of AB High Yield ETF (NYSEARCA:HYFI) by 180.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 69,115 shares of the company’s stock after acquiring an additional 44,492 shares during the quarter. Western Wealth Management LLC’s holdings in AB High Yield ETF were worth $2,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in AB High Yield ETF in the second quarter valued at approximately $907,000. Raymond James Financial Inc. grew its position in shares of AB High Yield ETF by 3.4% during the second quarter. Raymond James Financial Inc. now owns 263,963 shares of the company’s stock worth $9,891,000 after acquiring an additional 8,770 shares during the last quarter. UBS Group AG grew its position in shares of AB High Yield ETF by 14.7% during the third quarter. UBS Group AG now owns 29,413 shares of the company’s stock worth $1,116,000 after acquiring an additional 3,771 shares during the last quarter. Comerica Bank increased its holdings in shares of AB High Yield ETF by 41.4% in the 3rd quarter. Comerica Bank now owns 8,243 shares of the company’s stock valued at $313,000 after acquiring an additional 2,415 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of AB High Yield ETF in the 3rd quarter valued at $462,000.

AB High Yield ETF Trading Down 0.0%

HYFI stock opened at $37.09 on Friday. The company has a fifty day moving average price of $37.24 and a 200 day moving average price of $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 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. HYFI was launched on May 15, 2023 and is managed by AB Funds.