SOL Capital Management CO Has $10.27 Million Stock Position in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

SOL Capital Management CO grew its position in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 8.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 288,948 shares of the company’s stock after buying an additional 21,760 shares during the period. AB Short Duration High Yield ETF makes up 1.1% of SOL Capital Management CO’s portfolio, making the stock its 24th largest position. SOL Capital Management CO owned approximately 1.28% of AB Short Duration High Yield ETF worth $10,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SYFI. Wells Fargo & Company MN acquired a new position in shares of AB Short Duration High Yield ETF in the 4th quarter valued at $63,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of AB Short Duration High Yield ETF by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,506 shares of the company’s stock valued at $232,000 after buying an additional 282 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of AB Short Duration High Yield ETF in the 4th quarter valued at $882,000. KMG Fiduciary Partners LLC grew its holdings in shares of AB Short Duration High Yield ETF by 19.2% in the 1st quarter. KMG Fiduciary Partners LLC now owns 28,565 shares of the company’s stock valued at $1,015,000 after buying an additional 4,594 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of AB Short Duration High Yield ETF in the 4th quarter valued at $1,086,000.

AB Short Duration High Yield ETF Price Performance

Shares of SYFI stock opened at $35.84 on Thursday. AB Short Duration High Yield ETF has a 12-month low of $33.50 and a 12-month high of $36.29. The firm has a fifty day moving average of $35.44 and a 200-day moving average of $35.61.

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.