Northwestern Mutual Wealth Management Co. Raises Holdings in AB Short Duration High Yield ETF $SYFI

Northwestern Mutual Wealth Management Co. increased its position in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 7,236.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,582 shares of the company’s stock after buying an additional 35,097 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.15% of AB Short Duration High Yield ETF worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SYFI. 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 period. Bank of America Corp DE raised its position in AB Short Duration High Yield ETF by 94.8% in the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock valued at $55,261,000 after purchasing an additional 747,816 shares during the period. Wagner Wealth Management LLC raised its position in AB Short Duration High Yield ETF by 32.7% in the fourth quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock valued at $40,491,000 after purchasing an additional 277,538 shares during the period. Stonebridge Financial Group LLC MO purchased a new position in AB Short Duration High Yield ETF in the fourth quarter valued at about $3,790,000. Finally, Huntleigh Advisors Inc. raised its position in AB Short Duration High Yield ETF by 31.2% in the fourth quarter. Huntleigh Advisors Inc. now owns 354,050 shares of the company’s stock valued at $12,721,000 after purchasing an additional 84,131 shares during the period.

AB Short Duration High Yield ETF Price Performance

NYSEARCA:SYFI opened at $35.52 on Monday. The business’s 50-day moving average is $35.68 and its two-hundred day moving average is $35.81. 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.