NewEdge Advisors LLC Raises Position in AB Short Duration High Yield ETF $SYFI

NewEdge Advisors LLC grew its stake in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 26.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 936,009 shares of the company’s stock after purchasing an additional 193,690 shares during the period. NewEdge Advisors LLC owned approximately 3.79% of AB Short Duration High Yield ETF worth $33,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in AB Short Duration High Yield ETF during the 1st quarter valued at $25,000. Hazlett Burt & Watson Inc. boosted its stake in AB Short Duration High Yield ETF by 628.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after buying an additional 767 shares during the period. Colonial Trust Advisors increased its position in AB Short Duration High Yield ETF by 103.3% during the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after acquiring an additional 1,575 shares during the last quarter. World Investment Advisors bought a new position in AB Short Duration High Yield ETF during the fourth quarter valued at $203,000. Finally, Captrust Financial Advisors purchased a new stake in shares of AB Short Duration High Yield ETF in the fourth quarter valued at $216,000.

AB Short Duration High Yield ETF Stock Performance

AB Short Duration High Yield ETF stock opened at $35.66 on Friday. The firm has a 50-day moving average price of $35.63 and a 200-day moving average price of $35.71. AB Short Duration High Yield ETF has a 12-month low of $35.11 and a 12-month 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.