Private Advisor Group LLC Decreases Stock Holdings in AB Short Duration High Yield ETF $SYFI

Private Advisor Group LLC reduced its stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 63.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 72,390 shares of the company’s stock after selling 128,026 shares during the quarter. Private Advisor Group LLC’s holdings in AB Short Duration High Yield ETF were worth $2,571,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Centerpoint Advisory Group lifted its position in shares of AB Short Duration High Yield ETF by 11.8% during the 4th quarter. Centerpoint Advisory Group now owns 6,370 shares of the company’s stock valued at $229,000 after acquiring an additional 670 shares during the period. Hazlett Burt & Watson Inc. increased its stake in AB Short Duration High Yield ETF by 628.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock valued at $31,000 after purchasing an additional 767 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in AB Short Duration High Yield ETF by 2.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 45,854 shares of the company’s stock valued at $1,648,000 after purchasing an additional 934 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in AB Short Duration High Yield ETF by 11.9% during the fourth quarter. First Heartland Consultants Inc. now owns 8,913 shares of the company’s stock worth $320,000 after purchasing an additional 951 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in AB Short Duration High Yield ETF by 12.9% during the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock worth $338,000 after purchasing an additional 1,073 shares during the last quarter.

AB Short Duration High Yield ETF Trading Up 0.1%

SYFI opened at $35.65 on Friday. The business’s fifty day moving average is $35.69 and its two-hundred day moving average is $35.77. AB Short Duration High Yield ETF has a one year low of $35.11 and a one year high of $36.28.

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.