NewEdge Advisors LLC boosted its stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI – Free Report) by 26.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 936,009 shares of the company’s stock after purchasing an additional 193,690 shares during the period. NewEdge Advisors LLC’s holdings in AB Short Duration High Yield ETF were worth $33,247,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC raised its position in 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 valued at $40,491,000 after purchasing an additional 277,538 shares in the last quarter. Stonebridge Financial Group LLC MO purchased a new position in shares of AB Short Duration High Yield ETF during the fourth quarter valued at $3,790,000. Farther Finance Advisors LLC purchased a new position in shares of AB Short Duration High Yield ETF during the fourth quarter valued at $1,292,000. Panoramic Investment Advisors LLC purchased a new position in shares of AB Short Duration High Yield ETF during the fourth quarter valued at $514,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of AB Short Duration High Yield ETF by 7,236.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 35,582 shares of the company’s stock valued at $1,278,000 after acquiring an additional 35,097 shares in the last quarter.
AB Short Duration High Yield ETF Trading Up 0.2%
Shares of AB Short Duration High Yield ETF stock opened at $35.66 on Friday. The firm’s 50-day moving average is $35.63 and its two-hundred day moving average is $35.71. AB Short Duration High Yield ETF has a 1 year low of $35.11 and a 1 year high of $36.28.
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.
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Want to see what other hedge funds are holding SYFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AB Short Duration High Yield ETF (NYSEARCA:SYFI – Free Report).
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