AB High Yield ETF $HYFI is Anderson Financial Strategies LLC’s 7th Largest Position

Anderson Financial Strategies LLC grew its position in AB High Yield ETF (NYSEARCA:HYFI) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,946 shares of the company’s stock after buying an additional 19,405 shares during the quarter. AB High Yield ETF accounts for 5.2% of Anderson Financial Strategies LLC’s holdings, making the stock its 7th largest holding. Anderson Financial Strategies LLC’s holdings in AB High Yield ETF were worth $8,765,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in AB High Yield ETF by 204.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock valued at $54,000 after buying an additional 951 shares during the period. Platform Technology Partners raised its stake in shares of AB High Yield ETF by 7.1% in the third quarter. Platform Technology Partners now owns 24,933 shares of the company’s stock valued at $946,000 after acquiring an additional 1,645 shares in the last quarter. Victory Financial Group LLC raised its stake in shares of AB High Yield ETF by 24.0% in the second quarter. Victory Financial Group LLC now owns 17,361 shares of the company’s stock valued at $651,000 after acquiring an additional 3,363 shares in the last quarter. TFB Advisors LLC acquired a new position in AB High Yield ETF during the 3rd quarter worth $208,000. Finally, JGP Wealth Management LLC purchased a new stake in AB High Yield ETF during the 2nd quarter worth about $208,000.

AB High Yield ETF Stock Down 0.1%

Shares of NYSEARCA:HYFI opened at $37.66 on Wednesday. AB High Yield ETF has a fifty-two week low of $34.74 and a fifty-two week high of $40.14. The firm’s 50 day moving average price is $37.77 and its 200 day moving average price is $37.71.

AB High Yield ETF Cuts Dividend

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