AB Short Duration High Yield ETF $SYFI Shares Bought by Next Level Private LLC

Next Level Private LLC grew its holdings in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 415.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,836 shares of the company’s stock after buying an additional 192,484 shares during the quarter. AB Short Duration High Yield ETF accounts for about 1.9% of Next Level Private LLC’s investment portfolio, making the stock its 13th largest holding. Next Level Private LLC owned about 0.97% of AB Short Duration High Yield ETF worth $8,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Hazlett Burt & Watson Inc. raised its holdings in AB Short Duration High Yield ETF by 628.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock valued at $31,000 after acquiring an additional 767 shares in the last quarter. Colonial Trust Advisors boosted its stake in AB Short Duration High Yield ETF by 103.3% during the 4th quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after acquiring an additional 1,575 shares during the last quarter. World Investment Advisors acquired a new position in AB Short Duration High Yield ETF during the 4th quarter worth $203,000. Captrust Financial Advisors acquired a new position in AB Short Duration High Yield ETF during the 4th quarter worth $216,000. Finally, Centerpoint Advisory Group increased its position in shares of AB Short Duration High Yield ETF by 11.8% in the 4th quarter. Centerpoint Advisory Group now owns 6,370 shares of the company’s stock worth $229,000 after purchasing an additional 670 shares during the last quarter.

AB Short Duration High Yield ETF Price Performance

SYFI opened at $35.69 on Monday. The company has a 50-day moving average of $35.73 and a 200-day moving average of $35.79. AB Short Duration High Yield ETF has a 1-year low of $35.11 and a 1-year high of $36.28.

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.