Next Level Private LLC Purchases 15,727 Shares of AB Short Duration High Yield ETF $SYFI

Next Level Private LLC lifted its position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,563 shares of the company’s stock after acquiring an additional 15,727 shares during the quarter. AB Short Duration High Yield ETF makes up approximately 1.8% of Next Level Private LLC’s portfolio, making the stock its 15th biggest position. Next Level Private LLC owned 0.98% of AB Short Duration High Yield ETF worth $9,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in AB Short Duration High Yield ETF by 1,654.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after purchasing an additional 955,288 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of AB Short Duration High Yield ETF by 384.7% during the first quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock worth $3,091,000 after purchasing an additional 69,024 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of AB Short Duration High Yield ETF by 94.8% during the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after purchasing an additional 747,816 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of AB Short Duration High Yield ETF by 12.9% in the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock valued at $338,000 after buying an additional 1,073 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of AB Short Duration High Yield ETF by 8.2% in the second quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock valued at $700,000 after buying an additional 1,483 shares during the period.

AB Short Duration High Yield ETF Stock Performance

Shares of NYSEARCA SYFI opened at $35.66 on Monday. The company has a 50 day simple moving average of $35.63 and a 200 day simple moving average of $35.71. AB Short Duration High Yield ETF has a 1 year low of $35.11 and a 1 year 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.