Envestnet Portfolio Solutions Inc. Boosts Stock Position in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,506 shares of the company’s stock after buying an additional 282 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in AB Short Duration High Yield ETF were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYFI. Insigneo Advisory Services LLC boosted its holdings in AB Short Duration High Yield ETF by 12.2% in the third quarter. Insigneo Advisory Services LLC now owns 6,461 shares of the company’s stock valued at $232,000 after acquiring an additional 700 shares in the last quarter. Stifel Financial Corp raised its stake in shares of AB Short Duration High Yield ETF by 2.1% in the third quarter. Stifel Financial Corp now owns 36,247 shares of the company’s stock worth $1,303,000 after purchasing an additional 732 shares during the last quarter. D.A. Davidson & CO. lifted its stake in AB Short Duration High Yield ETF by 19.1% during the 3rd quarter. D.A. Davidson & CO. now owns 14,846 shares of the company’s stock valued at $534,000 after acquiring an additional 2,380 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in AB Short Duration High Yield ETF by 21.9% in the fourth quarter. KMG Fiduciary Partners LLC now owns 23,971 shares of the company’s stock worth $855,000 after purchasing an additional 4,299 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in AB Short Duration High Yield ETF by 3.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 171,180 shares of the company’s stock valued at $6,122,000 after acquiring an additional 5,245 shares during the last quarter.

AB Short Duration High Yield ETF Stock Performance

Shares of NYSEARCA SYFI opened at $35.54 on Friday. AB Short Duration High Yield ETF has a 12-month low of $34.82 and a 12-month high of $36.29. The firm has a 50 day moving average of $35.93 and a 200 day moving average of $35.83.

AB Short Duration High Yield ETF Company 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.