Assetmark Inc. Makes New Investment in AB High Yield ETF $HYFI

Assetmark Inc. acquired a new position in shares of AB High Yield ETF (NYSEARCA:HYFI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 262,679 shares of the company’s stock, valued at approximately $9,970,000. Assetmark Inc. owned approximately 3.37% of AB High Yield ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in AB High Yield ETF by 204.5% during the third quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock worth $54,000 after buying an additional 951 shares during the last quarter. TFB Advisors LLC acquired a new position in shares of AB High Yield ETF during the 3rd quarter worth about $208,000. Perigon Wealth Management LLC acquired a new position in shares of AB High Yield ETF during the 3rd quarter worth about $247,000. Sage Advisory Services Ltd.Co. bought a new stake in shares of AB High Yield ETF in the 3rd quarter valued at about $281,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in AB High Yield ETF in the 3rd quarter valued at about $304,000.

AB High Yield ETF Trading Down 0.1%

AB High Yield ETF stock opened at $37.70 on Monday. AB High Yield ETF has a 52 week low of $34.74 and a 52 week high of $40.14. The stock has a 50-day simple moving average of $37.76 and a 200 day simple moving average of $37.72.

AB High Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2113 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Monday, February 2nd.

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. HYFI was launched on May 15, 2023 and is managed by AB Funds.