Royal Bank of Canada Has $53.14 Million Position in AB Short Duration High Yield ETF $SYFI

Royal Bank of Canada raised its position in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,496,093 shares of the company’s stock after purchasing an additional 34,580 shares during the period. Royal Bank of Canada owned approximately 0.06% of AB Short Duration High Yield ETF worth $53,142,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in shares of AB Short Duration High Yield ETF by 0.6% in the 1st quarter. Cetera Investment Advisers now owns 76,663 shares of the company’s stock valued at $2,723,000 after buying an additional 471 shares during the period. Centerpoint Advisory Group raised its stake in 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 worth $229,000 after buying an additional 670 shares during the period. Hazlett Burt & Watson Inc. raised its stake in AB Short Duration High Yield ETF by 628.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after buying an additional 767 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in AB Short Duration High Yield ETF by 2.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 45,854 shares of the company’s stock worth $1,648,000 after acquiring an additional 934 shares in the last quarter. Finally, IHT Wealth Management LLC lifted 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 acquiring an additional 1,073 shares in the last quarter.

AB Short Duration High Yield ETF Price Performance

NYSEARCA:SYFI opened at $35.66 on Monday. AB Short Duration High Yield ETF has a 1 year low of $35.11 and a 1 year high of $36.28. The stock has a 50-day moving average price of $35.65 and a two-hundred day moving average price of $35.72.

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.