N.E.W. Advisory Services LLC Increases Stake in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

N.E.W. Advisory Services LLC lifted its holdings in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 95.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 14,000 shares of the company’s stock after buying an additional 6,850 shares during the period. N.E.W. Advisory Services LLC’s holdings in AB Short Duration High Yield ETF were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Private Advisor Group LLC raised its position in shares of AB Short Duration High Yield ETF by 199.7% during the 1st quarter. Private Advisor Group LLC now owns 186,180 shares of the company’s stock worth $6,617,000 after acquiring an additional 124,058 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of AB Short Duration High Yield ETF by 11.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 12,471 shares of the company’s stock worth $443,000 after acquiring an additional 1,317 shares in the last quarter. CWM LLC acquired a new stake in shares of AB Short Duration High Yield ETF during the 1st quarter worth about $104,000. Capital Investment Advisory Services LLC increased its position in AB Short Duration High Yield ETF by 8.0% during the first quarter. Capital Investment Advisory Services LLC now owns 69,713 shares of the company’s stock worth $2,478,000 after buying an additional 5,144 shares during the period. Finally, Huntleigh Advisors Inc. increased its position in AB Short Duration High Yield ETF by 5.7% during the first quarter. Huntleigh Advisors Inc. now owns 253,627 shares of the company’s stock worth $9,014,000 after buying an additional 13,674 shares during the period.

AB Short Duration High Yield ETF Stock Down 0.1%

SYFI opened at $35.98 on Tuesday. AB Short Duration High Yield ETF has a 52 week low of $33.50 and a 52 week high of $36.29. The business’s 50 day moving average is $35.70 and its two-hundred day moving average is $35.63.

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.