Northwestern Mutual Wealth Management Co. lifted its holdings in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI – Free Report) by 7,236.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,582 shares of the company’s stock after acquiring an additional 35,097 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AB Short Duration High Yield ETF were worth $1,278,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. UBS Group AG increased its position in shares of AB Short Duration High Yield ETF by 1.5% during the fourth quarter. UBS Group AG now owns 2,196,535 shares of the company’s stock worth $78,922,000 after acquiring an additional 32,838 shares during the last quarter. Bank of America Corp DE increased its position in shares of AB Short Duration High Yield ETF by 7.9% during the third quarter. Bank of America Corp DE now owns 1,658,210 shares of the company’s stock worth $59,911,000 after acquiring an additional 121,176 shares during the last quarter. Wagner Wealth Management LLC increased its position in shares of AB Short Duration High Yield ETF by 32.7% during the fourth quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock worth $40,491,000 after acquiring an additional 277,538 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 worth $36,003,000 after acquiring an additional 955,288 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in AB Short Duration High Yield ETF by 2.5% in the third quarter. Raymond James Financial Inc. now owns 755,666 shares of the company’s stock worth $27,302,000 after purchasing an additional 18,272 shares in the last quarter.
AB Short Duration High Yield ETF Stock Performance
NYSEARCA:SYFI opened at $35.52 on Monday. AB Short Duration High Yield ETF has a one year low of $35.11 and a one year high of $36.28. The stock has a 50-day simple moving average of $35.68 and a 200 day simple moving average of $35.81.
About AB Short Duration High Yield ETF
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.
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