Royal Bank of Canada Raises Stock Holdings in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

Royal Bank of Canada boosted its holdings in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,535,368 shares of the company’s stock after purchasing an additional 373,243 shares during the quarter. Royal Bank of Canada’s holdings in AB Short Duration High Yield ETF were worth $54,766,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in AB Short Duration High Yield ETF by 192.8% in the fourth quarter. Bank of America Corp DE now owns 1,895,332 shares of the company’s stock worth $67,606,000 after purchasing an additional 1,248,059 shares in the last quarter. Raymond James Financial Inc. bought a new position in AB Short Duration High Yield ETF during the 4th quarter worth approximately $33,096,000. Comerica Bank grew its position in shares of AB Short Duration High Yield ETF by 1,145.6% in the 4th quarter. Comerica Bank now owns 108,613 shares of the company’s stock worth $3,874,000 after acquiring an additional 99,893 shares in the last quarter. RMR Capital Management LLC increased its holdings in shares of AB Short Duration High Yield ETF by 259.1% in the 4th quarter. RMR Capital Management LLC now owns 118,313 shares of the company’s stock valued at $4,220,000 after acquiring an additional 85,363 shares during the last quarter. Finally, LPL Financial LLC increased its holdings 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 last quarter.

AB Short Duration High Yield ETF Stock Performance

Shares of SYFI opened at $35.34 on Thursday. The business’s fifty day moving average price is $35.24 and its 200 day moving average price is $35.65. AB Short Duration High Yield ETF has a 12-month low of $33.50 and a 12-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.