MGO One Seven LLC Purchases Shares of 118,386 AB Short Duration High Yield ETF $SYFI

MGO One Seven LLC bought a new stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,386 shares of the company’s stock, valued at approximately $4,256,000. MGO One Seven LLC owned 0.54% of AB Short Duration High Yield ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SYFI. Alliancebernstein L.P. lifted its position in AB Short Duration High Yield ETF by 8.4% in the first quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock valued at $174,713,000 after purchasing an additional 379,233 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in AB Short Duration High Yield ETF by 1,654.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after buying an additional 955,288 shares during the last quarter. Raymond James Financial Inc. raised its holdings in AB Short Duration High Yield ETF by 1.1% during the 1st quarter. Raymond James Financial Inc. now owns 938,257 shares of the company’s stock valued at $33,346,000 after buying an additional 10,423 shares during the last quarter. NewEdge Advisors LLC boosted its position in AB Short Duration High Yield ETF by 8.5% during the 1st quarter. NewEdge Advisors LLC now owns 734,246 shares of the company’s stock valued at $26,095,000 after buying an additional 57,777 shares during the period. Finally, Wagner Wealth Management LLC bought a new stake in AB Short Duration High Yield ETF in the 1st quarter worth $17,361,000.

AB Short Duration High Yield ETF Stock Performance

SYFI stock opened at $35.77 on Tuesday. The firm’s 50-day moving average price is $36.02 and its two-hundred day moving average price is $35.66. AB Short Duration High Yield ETF has a 12-month low of $33.50 and a 12-month high of $36.29.

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.