NewEdge Advisors LLC Has $34.19 Million Stock Holdings in AB Short Duration High Yield ETF $SYFI

NewEdge Advisors LLC lifted its stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957,335 shares of the company’s stock after purchasing an additional 21,326 shares during the quarter. NewEdge Advisors LLC owned about 3.68% of AB Short Duration High Yield ETF worth $34,191,000 at the end of the most recent reporting period.

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

AB Short Duration High Yield ETF Stock Performance

SYFI opened at $35.48 on Thursday. AB Short Duration High Yield ETF has a fifty-two week low of $35.11 and a fifty-two week high of $36.28. The company’s 50-day moving average is $35.62 and its 200 day moving average is $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.