Magnolia Capital Advisors LLC Buys 19,324 Shares of AB Short Duration High Yield ETF $SYFI

Magnolia Capital Advisors LLC lifted its stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 267.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,558 shares of the company’s stock after acquiring an additional 19,324 shares during the period. Magnolia Capital Advisors LLC’s holdings in AB Short Duration High Yield ETF were worth $960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Colonial Trust Advisors bought a new stake in AB Short Duration High Yield ETF in the second quarter valued at $55,000. Strategic Family Wealth Counselors L.L.C. acquired a new position in shares of AB Short Duration High Yield ETF during the third quarter valued at about $201,000. Centerpoint Advisory Group bought a new position in shares of AB Short Duration High Yield ETF during the 3rd quarter worth about $206,000. First Heartland Consultants Inc. bought a new position in shares of AB Short Duration High Yield ETF during the 3rd quarter worth about $288,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of AB Short Duration High Yield ETF in the 3rd quarter valued at about $308,000.

AB Short Duration High Yield ETF Stock Down 0.3%

Shares of AB Short Duration High Yield ETF stock opened at $35.59 on Thursday. AB Short Duration High Yield ETF has a one year low of $33.50 and a one year high of $36.28. The business has a 50-day simple moving average of $35.93 and a 200 day simple moving average of $35.96.

AB Short Duration High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1731 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Monday, March 2nd.

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.