Focus Financial Network Inc. Invests $317,000 in AB High Yield ETF $HYFI

Focus Financial Network Inc. acquired a new position in AB High Yield ETF (NYSEARCA:HYFI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,455 shares of the company’s stock, valued at approximately $317,000. Focus Financial Network Inc. owned about 0.16% of AB High Yield ETF as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HYFI. Citadel Advisors LLC acquired a new stake in AB High Yield ETF in the 4th quarter worth approximately $866,000. Wealth Enhancement Advisory Services LLC acquired a new stake in AB High Yield ETF in the 4th quarter worth approximately $1,247,000. Wagner Wealth Management LLC boosted its stake in AB High Yield ETF by 6.6% in the 1st quarter. Wagner Wealth Management LLC now owns 557,906 shares of the company’s stock worth $20,553,000 after purchasing an additional 34,625 shares in the last quarter. Advisory Resource Group boosted its stake in AB High Yield ETF by 7.9% in the 1st quarter. Advisory Resource Group now owns 96,870 shares of the company’s stock worth $3,569,000 after purchasing an additional 7,093 shares in the last quarter. Finally, Good Steward Wealth Advisors LLC acquired a new stake in AB High Yield ETF in the 1st quarter worth approximately $6,543,000.

AB High Yield ETF Trading Up 0.0%

HYFI stock opened at $37.91 on Monday. AB High Yield ETF has a 52 week low of $34.74 and a 52 week high of $40.14. The firm has a 50 day moving average of $37.62 and a 200 day moving average of $37.07.

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.