NewEdge Advisors LLC Buys 21,326 Shares of AB Short Duration High Yield ETF $SYFI

NewEdge Advisors LLC grew its stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 2.3% in the second quarter, Holdings Channel reports. The fund owned 957,335 shares of the company’s stock after acquiring an additional 21,326 shares during the quarter. NewEdge Advisors LLC’s holdings in AB Short Duration High Yield ETF were worth $34,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Citadel Advisors LLC increased its holdings in AB Short Duration High Yield ETF by 43.0% in the 2nd quarter. Citadel Advisors LLC now owns 93,166 shares of the company’s stock worth $3,327,000 after acquiring an additional 28,012 shares during the last quarter. Next Level Private LLC increased its stake in shares of AB Short Duration High Yield ETF by 6.6% in the second quarter. Next Level Private LLC now owns 254,563 shares of the company’s stock worth $9,092,000 after purchasing an additional 15,727 shares in the last quarter. First Heartland Consultants Inc. raised its position in shares of AB Short Duration High Yield ETF by 12.8% in the second quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock valued at $359,000 after purchasing an additional 1,142 shares during the period. Western Wealth Management LLC bought a new stake in shares of AB Short Duration High Yield ETF in the first quarter valued at approximately $25,000. Finally, Bank of America Corp DE lifted its stake in shares of AB Short Duration High Yield ETF by 35.2% during the 1st quarter. Bank of America Corp DE now owns 1,479,552 shares of the company’s stock valued at $52,554,000 after buying an additional 384,835 shares in the last quarter.

AB Short Duration High Yield ETF Stock Down 0.1%

SYFI opened at $35.48 on Thursday. AB Short Duration High Yield ETF has a 12 month low of $35.11 and a 12 month high of $36.28. The company has a 50 day moving average of $35.62 and a 200 day moving average of $35.65.

AB Short Duration High Yield ETF 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. SYFI was launched on Dec 7, 2011 and is issued by AB Funds.