PMG Wealth Management Inc. Purchases New Shares in AB Short Duration High Yield ETF $SYFI

PMG Wealth Management Inc. acquired a new stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,100 shares of the company’s stock, valued at approximately $615,000. PMG Wealth Management Inc. owned about 0.07% of AB Short Duration High Yield ETF as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. IHT Wealth Management LLC raised its position in shares of AB Short Duration High Yield ETF by 12.9% during the 2nd quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock valued at $338,000 after buying an additional 1,073 shares in the last quarter. Private Trust Co. NA increased its stake in AB Short Duration High Yield ETF by 41.3% during the second quarter. Private Trust Co. NA now owns 4,955 shares of the company’s stock worth $178,000 after acquiring an additional 1,448 shares during the last quarter. MML Investors Services LLC raised its position in AB Short Duration High Yield ETF by 8.2% during the second quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock valued at $700,000 after purchasing an additional 1,483 shares during the period. Colonial Trust Advisors bought a new stake in shares of AB Short Duration High Yield ETF in the 2nd quarter valued at approximately $55,000. Finally, CWM LLC lifted its stake in shares of AB Short Duration High Yield ETF by 73.4% in the 2nd quarter. CWM LLC now owns 5,074 shares of the company’s stock valued at $182,000 after purchasing an additional 2,148 shares during the last quarter.

AB Short Duration High Yield ETF Price Performance

NYSEARCA SYFI opened at $36.11 on Friday. The business’s 50 day moving average price is $35.96 and its 200-day moving average price is $35.96. AB Short Duration High Yield ETF has a fifty-two week low of $33.50 and a fifty-two week high of $36.29.

AB Short Duration High Yield ETF Profile

The AB Short Duration High Yield ETF (SYFI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of global fixed income securities, primarily with below investment grade ratings, of any maturities. It aims to maintain a dollar-weighted average portfolio duration of less than four years. SYFI was launched on Dec 7, 2011 and is issued by AB Funds.