Good Steward Wealth Advisors LLC Sells 254,507 Shares of AB High Yield ETF $HYFI

Good Steward Wealth Advisors LLC reduced its position in shares of AB High Yield ETF (NYSEARCA:HYFI) by 97.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,848 shares of the company’s stock after selling 254,507 shares during the period. Good Steward Wealth Advisors LLC owned about 0.10% of AB High Yield ETF worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its holdings in shares of AB High Yield ETF by 27.9% during the second quarter. Stratos Wealth Partners LTD. now owns 87,443 shares of the company’s stock worth $3,277,000 after buying an additional 19,094 shares in the last quarter. Envestnet Asset Management Inc. grew its position in AB High Yield ETF by 40.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 97,697 shares of the company’s stock worth $3,661,000 after acquiring an additional 27,992 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in AB High Yield ETF during the 2nd quarter valued at $907,000. Victory Financial Group LLC increased its holdings in AB High Yield ETF by 24.0% during the 2nd quarter. Victory Financial Group LLC now owns 17,361 shares of the company’s stock valued at $651,000 after purchasing an additional 3,363 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in AB High Yield ETF by 3.4% in the 2nd quarter. Raymond James Financial Inc. now owns 263,963 shares of the company’s stock valued at $9,891,000 after purchasing an additional 8,770 shares during the last quarter.

AB High Yield ETF Stock Performance

Shares of HYFI stock opened at $37.72 on Friday. AB High Yield ETF has a 52 week low of $34.74 and a 52 week high of $40.14. The stock’s fifty day moving average is $37.76 and its 200-day moving average is $37.71.

AB High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2113 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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.