AB Short Duration High Yield ETF (NYSEARCA:SYFI) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its holdings in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,535,368 shares of the company’s stock after acquiring an additional 373,243 shares during the quarter. Royal Bank of Canada’s holdings in AB Short Duration High Yield ETF were worth $54,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Wells Fargo & Company MN bought a new stake in shares of AB Short Duration High Yield ETF during the 4th quarter worth $63,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of AB Short Duration High Yield ETF by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,506 shares of the company’s stock valued at $232,000 after purchasing an additional 282 shares during the period. EverSource Wealth Advisors LLC purchased a new position in AB Short Duration High Yield ETF in the 4th quarter worth about $882,000. Sanctuary Advisors LLC acquired a new stake in AB Short Duration High Yield ETF during the 4th quarter worth about $1,086,000. Finally, Stifel Financial Corp lifted its stake in AB Short Duration High Yield ETF by 19.7% during the fourth quarter. Stifel Financial Corp now owns 43,403 shares of the company’s stock valued at $1,548,000 after buying an additional 7,156 shares in the last quarter.

AB Short Duration High Yield ETF Trading Down 0.8%

Shares of SYFI opened at $35.34 on Thursday. The company has a 50-day moving average of $35.24 and a two-hundred day moving average of $35.65. AB Short Duration High Yield ETF has a one year low of $33.50 and a one year 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.