Gladstone Institutional Advisory LLC Makes New $280,000 Investment in AB High Yield ETF (NYSEARCA:HYFI)

Gladstone Institutional Advisory LLC bought a new stake in AB High Yield ETF (NYSEARCA:HYFI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 7,666 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC bought a new position in AB High Yield ETF in the fourth quarter valued at $39,000. Envestnet Portfolio Solutions Inc. bought a new position in AB High Yield ETF in the fourth quarter valued at $211,000. Vestmark Advisory Solutions Inc. bought a new position in AB High Yield ETF in the fourth quarter valued at $261,000. Raymond James & Associates bought a new position in AB High Yield ETF in the fourth quarter valued at $267,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of AB High Yield ETF during the fourth quarter valued at about $288,000.

AB High Yield ETF Stock Performance

Shares of AB High Yield ETF stock traded up $0.10 during trading on Friday, reaching $36.45. 27,800 shares of the stock were exchanged, compared to its average volume of 29,523. The stock’s fifty day moving average is $36.34 and its 200 day moving average is $36.23. AB High Yield ETF has a 1 year low of $33.83 and a 1 year high of $37.75.

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.