Next Level Private LLC Has $9.09 Million Position in AB Short Duration High Yield ETF $SYFI

Next Level Private LLC raised its stake in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 6.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 254,563 shares of the company’s stock after acquiring an additional 15,727 shares during the period. AB Short Duration High Yield ETF comprises about 1.8% of Next Level Private LLC’s investment portfolio, making the stock its 15th largest position. Next Level Private LLC’s holdings in AB Short Duration High Yield ETF were worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SYFI. Wagner Wealth Management LLC boosted its holdings in AB Short Duration High Yield ETF by 32.7% in the fourth quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock valued at $40,491,000 after acquiring an additional 277,538 shares during the last quarter. Stonebridge Financial Group LLC MO acquired a new position in shares of AB Short Duration High Yield ETF in the 4th quarter worth approximately $3,790,000. Farther Finance Advisors LLC bought a new stake in shares of AB Short Duration High Yield ETF in the 4th quarter valued at $1,292,000. Panoramic Investment Advisors LLC bought a new stake in shares of AB Short Duration High Yield ETF in the 4th quarter valued at $514,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of AB Short Duration High Yield ETF by 7,236.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 35,582 shares of the company’s stock worth $1,278,000 after buying an additional 35,097 shares during the period.

AB Short Duration High Yield ETF Stock Performance

SYFI opened at $35.66 on Monday. AB Short Duration High Yield ETF has a twelve month low of $35.11 and a twelve month high of $36.28. The company has a fifty day moving average of $35.63 and a 200-day moving average of $35.71.

AB Short Duration High Yield ETF Company 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.