Raymond James Financial Inc. acquired a new position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 927,834 shares of the company’s stock, valued at approximately $33,096,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SYFI. RMR Capital Management LLC boosted its holdings in AB Short Duration High Yield ETF by 259.1% during the fourth quarter. RMR Capital Management LLC now owns 118,313 shares of the company’s stock worth $4,220,000 after buying an additional 85,363 shares during the last quarter. LPL Financial LLC raised its position in shares of AB Short Duration High Yield ETF by 2.9% in the 4th quarter. LPL Financial LLC now owns 1,961,046 shares of the company’s stock valued at $69,950,000 after acquiring an additional 55,857 shares during the period. Sanctuary Advisors LLC bought a new position in AB Short Duration High Yield ETF during the 4th quarter worth approximately $1,086,000. D.A. Davidson & CO. grew its holdings in AB Short Duration High Yield ETF by 200.9% during the fourth quarter. D.A. Davidson & CO. now owns 44,676 shares of the company’s stock valued at $1,594,000 after purchasing an additional 29,830 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in AB Short Duration High Yield ETF during the fourth quarter valued at approximately $882,000.
AB Short Duration High Yield ETF Trading Down 0.1 %
SYFI opened at $34.84 on Thursday. The firm’s fifty day moving average is $35.55 and its two-hundred day moving average is $35.72. AB Short Duration High Yield ETF has a twelve month low of $33.50 and a twelve month 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.
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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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