Envestnet Asset Management Inc. Increases Holdings in AB Short Duration High Yield ETF (NYSEARCA:SYFI)

Envestnet Asset Management Inc. grew its stake in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 11.2% in the fourth quarter, Holdings Channel reports. The fund owned 125,017 shares of the company’s stock after purchasing an additional 12,573 shares during the period. Envestnet Asset Management Inc.’s holdings in AB Short Duration High Yield ETF were worth $4,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in AB Short Duration High Yield ETF during the fourth quarter worth $33,096,000. RMR Capital Management LLC increased its position in shares of AB Short Duration High Yield ETF by 259.1% during the 4th quarter. RMR Capital Management LLC now owns 118,313 shares of the company’s stock worth $4,220,000 after purchasing an additional 85,363 shares during the last quarter. LPL Financial LLC increased its position in shares of AB Short Duration High Yield ETF by 2.9% during the 4th quarter. LPL Financial LLC now owns 1,961,046 shares of the company’s stock worth $69,950,000 after purchasing an additional 55,857 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in AB Short Duration High Yield ETF in the 4th quarter valued at about $1,086,000. Finally, D.A. Davidson & CO. lifted its position in AB Short Duration High Yield ETF by 200.9% in the fourth quarter. D.A. Davidson & CO. now owns 44,676 shares of the company’s stock valued at $1,594,000 after buying an additional 29,830 shares during the last quarter.

AB Short Duration High Yield ETF Trading Up 0.4 %

Shares of SYFI opened at $35.13 on Thursday. The firm has a 50-day simple moving average of $35.45 and a two-hundred day simple moving average of $35.70. AB Short Duration High Yield ETF has a 1-year low of $33.50 and a 1-year high of $36.29.

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.