Truist Financial Corp Invests $986,000 in AB High Yield ETF $HYFI

Truist Financial Corp bought a new position in AB High Yield ETF (NYSEARCA:HYFI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,969 shares of the company’s stock, valued at approximately $986,000. Truist Financial Corp owned about 0.33% of AB High Yield ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Platform Technology Partners lifted its holdings in AB High Yield ETF by 7.1% in the 3rd quarter. Platform Technology Partners now owns 24,933 shares of the company’s stock worth $946,000 after buying an additional 1,645 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in AB High Yield ETF by 17.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 134,240 shares of the company’s stock valued at $5,062,000 after purchasing an additional 20,416 shares during the period. Advisory Resource Group purchased a new position in AB High Yield ETF during the 3rd quarter valued at $4,599,000. Global Retirement Partners LLC raised its holdings 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 worth $54,000 after purchasing an additional 951 shares in the last quarter. Finally, Wagner Wealth Management LLC lifted its position in shares of AB High Yield ETF by 6.2% in the 3rd quarter. Wagner Wealth Management LLC now owns 604,838 shares of the company’s stock worth $22,956,000 after purchasing an additional 35,398 shares during the period.

AB High Yield ETF Stock Down 0.0%

Shares of HYFI opened at $37.72 on Tuesday. AB High Yield ETF has a 1-year low of $34.74 and a 1-year high of $40.14. The firm’s 50-day moving average price is $37.76 and its 200-day moving average price is $37.71.

AB High Yield ETF Cuts Dividend

The company also recently announced 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 was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

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.