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Assetmark Inc. lifted its stake in AB High Yield ETF (NYSEARCA:HYFI) by 69.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 445,950 shares of the company's stock after purchasing an additional 183,271 shares during the quarter. Assetmark Inc. owned about 5.44%
Demand has been strong for short-term fixed income ETFs in 2023. That helped AllianceBernstein (AB) pass $1 billion invested in ETFs assets in early November.
AllianceBernstein has launched the AB High Yield ETF (NYSE Arca: HYFI) as an active ETF on the New York Stock Exchange. HYFI invests at least 80% of its net assets in US high-yield corporate bonds and related derivatives.
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