AB Short Duration High Yield ETF $SYFI Shares Acquired by Next Level Private LLC

Next Level Private LLC increased its position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 415.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 238,836 shares of the company’s stock after purchasing an additional 192,484 shares during the quarter. AB Short Duration High Yield ETF accounts for about 1.9% of Next Level Private LLC’s investment portfolio, making the stock its 13th largest holding. Next Level Private LLC’s holdings in AB Short Duration High Yield ETF were worth $8,483,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings 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 worth $36,003,000 after purchasing an additional 955,288 shares during the period. Bank of America Corp DE raised its holdings in shares of AB Short Duration High Yield ETF by 94.8% during the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after purchasing an additional 747,816 shares during the period. Royal Bank of Canada lifted its position in shares of AB Short Duration High Yield ETF by 39.0% in the 4th quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock worth $52,513,000 after buying an additional 410,370 shares during the last quarter. Wagner Wealth Management LLC lifted its position in shares of AB Short Duration High Yield ETF by 32.7% in the 4th quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock worth $40,491,000 after buying an additional 277,538 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of AB Short Duration High Yield ETF in the 4th quarter valued at about $7,308,000.

AB Short Duration High Yield ETF Price Performance

NYSEARCA SYFI opened at $35.69 on Monday. AB Short Duration High Yield ETF has a one year low of $35.11 and a one year high of $36.28. The company has a 50-day simple moving average of $35.73 and a 200-day simple moving average of $35.79.

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.