AB Short Duration High Yield ETF $SYFI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 79.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,515 shares of the company’s stock after selling 28,501 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AB Short Duration High Yield ETF were worth $267,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in AB Short Duration High Yield ETF by 1,654.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock worth $36,003,000 after acquiring an additional 955,288 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of AB Short Duration High Yield ETF by 94.8% in the 2nd quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock valued at $55,261,000 after purchasing an additional 747,816 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of AB Short Duration High Yield ETF by 39.0% in the 4th quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock valued at $52,513,000 after purchasing an additional 410,370 shares during the last quarter. Wagner Wealth Management LLC grew its holdings in shares of AB Short Duration High Yield ETF by 32.7% during the 4th quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock worth $40,491,000 after purchasing an additional 277,538 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of AB Short Duration High Yield ETF during the 4th quarter worth $7,308,000.

AB Short Duration High Yield ETF Price Performance

Shares of NYSEARCA:SYFI opened at $35.58 on Friday. AB Short Duration High Yield ETF has a 12-month low of $35.11 and a 12-month high of $36.28. The business has a 50-day moving average price of $35.64 and a 200 day moving average price of $35.71.

About AB Short Duration High Yield ETF

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.