Wagner Wealth Management LLC Has $40.49 Million Position in AB Short Duration High Yield ETF $SYFI

Wagner Wealth Management LLC grew its position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 32.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,126,955 shares of the company’s stock after acquiring an additional 277,538 shares during the quarter. AB Short Duration High Yield ETF accounts for about 8.6% of Wagner Wealth Management LLC’s portfolio, making the stock its largest holding. Wagner Wealth Management LLC’s holdings in AB Short Duration High Yield ETF were worth $40,491,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SYFI. Strategic Family Wealth Counselors L.L.C. bought a new position in AB Short Duration High Yield ETF during the 3rd quarter worth approximately $201,000. Centerpoint Advisory Group bought a new position in AB Short Duration High Yield ETF during the 3rd quarter worth approximately $206,000. N.E.W. Advisory Services LLC bought a new position in AB Short Duration High Yield ETF during the 4th quarter worth approximately $273,000. First Heartland Consultants Inc. bought a new position in AB Short Duration High Yield ETF during the 3rd quarter worth approximately $288,000. Finally, Ameritas Advisory Services LLC bought a new position in AB Short Duration High Yield ETF during the 3rd quarter worth approximately $327,000.

AB Short Duration High Yield ETF Stock Performance

AB Short Duration High Yield ETF stock opened at $35.80 on Thursday. AB Short Duration High Yield ETF has a 52-week low of $35.07 and a 52-week high of $36.28. The firm has a 50 day moving average price of $35.65 and a two-hundred day moving average price of $35.84.

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.