Raymond James & Associates Takes Position in AB High Yield ETF (NYSEARCA:HYFI)

Raymond James & Associates acquired a new position in AB High Yield ETF (NYSEARCA:HYFI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,324 shares of the company’s stock, valued at approximately $267,000.

Separately, LPL Financial LLC raised its stake in shares of AB High Yield ETF by 5.0% in the third quarter. LPL Financial LLC now owns 585,017 shares of the company’s stock worth $20,359,000 after purchasing an additional 27,780 shares during the last quarter.

AB High Yield ETF Stock Up 0.4 %

Shares of NYSEARCA:HYFI opened at $36.23 on Tuesday. AB High Yield ETF has a 1 year low of $33.83 and a 1 year high of $37.75. The stock’s fifty day moving average price is $36.40 and its 200-day moving average price is $35.97.

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.