Great Valley Advisor Group Inc. Buys 41,900 Shares of AB Short Duration High Yield ETF $SYFI

Great Valley Advisor Group Inc. increased its stake in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 302,052 shares of the company’s stock after purchasing an additional 41,900 shares during the period. Great Valley Advisor Group Inc.’s holdings in AB Short Duration High Yield ETF were worth $10,853,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in AB Short Duration High Yield ETF by 1,654.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after acquiring an additional 955,288 shares during the last quarter. Jane Street Group LLC grew its position in AB Short Duration High Yield ETF by 384.7% during the first quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock valued at $3,091,000 after acquiring an additional 69,024 shares during the last quarter. Bank of America Corp DE grew its position in 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 valued at $55,261,000 after acquiring an additional 747,816 shares during the last quarter. IHT Wealth Management LLC grew its position 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 valued at $338,000 after acquiring an additional 1,073 shares during the last quarter. Finally, MML Investors Services LLC grew its position in AB Short Duration High Yield ETF by 8.2% during the second quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock valued at $700,000 after acquiring an additional 1,483 shares during the last quarter.

AB Short Duration High Yield ETF Trading Up 0.4%

Shares of NYSEARCA SYFI opened at $35.66 on Friday. AB Short Duration High Yield ETF has a one year low of $35.11 and a one year high of $36.28. The firm’s 50 day simple moving average is $35.71 and its two-hundred day simple moving average is $35.81.

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.