Wagner Wealth Management LLC Makes New $17.36 Million Investment in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

Wagner Wealth Management LLC acquired a new position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) in the 1st quarter, Holdings Channel.com reports. The fund acquired 488,481 shares of the company’s stock, valued at approximately $17,361,000. AB Short Duration High Yield ETF makes up 4.3% of Wagner Wealth Management LLC’s holdings, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of SYFI. Wells Fargo & Company MN purchased a new position in AB Short Duration High Yield ETF during the fourth quarter worth $63,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of AB Short Duration High Yield ETF by 4.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,506 shares of the company’s stock worth $232,000 after buying an additional 282 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of AB Short Duration High Yield ETF in the fourth quarter worth approximately $882,000. KMG Fiduciary Partners LLC raised its holdings in shares of AB Short Duration High Yield ETF by 19.2% in the first quarter. KMG Fiduciary Partners LLC now owns 28,565 shares of the company’s stock worth $1,015,000 after buying an additional 4,594 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of AB Short Duration High Yield ETF in the fourth quarter worth approximately $1,086,000.

AB Short Duration High Yield ETF Trading Up 0.3%

Shares of NYSEARCA SYFI opened at $35.59 on Tuesday. AB Short Duration High Yield ETF has a fifty-two week low of $33.50 and a fifty-two week high of $36.29. The business’s 50 day moving average price is $35.31 and its 200-day moving average price is $35.62.

AB Short Duration High Yield ETF Company 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.