Envestnet Asset Management Inc. Reduces Stake in AB High Yield ETF (NYSEARCA:HYFI)

Envestnet Asset Management Inc. lowered its stake in AB High Yield ETF (NYSEARCA:HYFI) by 6.0% in the 4th quarter, Holdings Channel reports. The firm owned 61,651 shares of the company’s stock after selling 3,930 shares during the quarter. Envestnet Asset Management Inc.’s holdings in AB High Yield ETF were worth $2,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HYFI. Jane Street Group LLC bought a new position in shares of AB High Yield ETF in the third quarter worth $265,000. JPMorgan Chase & Co. bought a new position in AB High Yield ETF in the 3rd quarter worth about $463,000. Avaii Wealth Management LLC raised its holdings in shares of AB High Yield ETF by 3.4% in the 4th quarter. Avaii Wealth Management LLC now owns 15,132 shares of the company’s stock valued at $558,000 after acquiring an additional 498 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of AB High Yield ETF by 8.4% in the 4th quarter. Financial Advocates Investment Management now owns 77,720 shares of the company’s stock valued at $2,867,000 after acquiring an additional 5,993 shares in the last quarter. Finally, Platform Technology Partners boosted its position in shares of AB High Yield ETF by 56.1% during the 4th quarter. Platform Technology Partners now owns 20,787 shares of the company’s stock valued at $767,000 after acquiring an additional 7,474 shares during the last quarter.

AB High Yield ETF Stock Performance

HYFI stock opened at $36.80 on Friday. The company’s 50 day moving average is $36.67 and its 200 day moving average is $37.03. AB High Yield ETF has a 1-year low of $34.74 and a 1-year high of $40.14.

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.