Baer Investment Advisory LLC Purchases New Stake in AB High Yield ETF $HYFI

Baer Investment Advisory LLC acquired a new position in shares of AB High Yield ETF (NYSEARCA:HYFI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,650 shares of the company’s stock, valued at approximately $954,000. Baer Investment Advisory LLC owned about 0.29% of AB High Yield ETF at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in shares of AB High Yield ETF during the third quarter worth about $66,000. NewEdge Advisors LLC raised its holdings in shares of AB High Yield ETF by 6,057.8% in the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after acquiring an additional 5,452 shares during the last quarter. Comerica Bank lifted its position in 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 in the last quarter. Beto Financial Group LLC bought a new position in AB High Yield ETF in the 4th quarter valued at about $424,000. Finally, Captrust Financial Advisors boosted its stake in AB High Yield ETF by 37.5% during the 4th quarter. Captrust Financial Advisors now owns 12,128 shares of the company’s stock valued at $456,000 after purchasing an additional 3,308 shares during the last quarter.

AB High Yield ETF Stock Performance

HYFI stock opened at $37.14 on Friday. The business has a 50-day simple moving average of $37.33 and a two-hundred day simple moving average of $37.46. AB High Yield ETF has a 52-week low of $36.64 and a 52-week 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.