PMG Wealth Management Inc. Invests $615,000 in AB Short Duration High Yield ETF $SYFI

PMG Wealth Management Inc. purchased a new stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 17,100 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYFI. Huntleigh Advisors Inc. boosted its position in shares of AB Short Duration High Yield ETF by 4.1% during the third quarter. Huntleigh Advisors Inc. now owns 269,919 shares of the company’s stock valued at $9,752,000 after buying an additional 10,533 shares during the period. MGO One Seven LLC lifted its stake in shares of AB Short Duration High Yield ETF by 13.3% during the 3rd quarter. MGO One Seven LLC now owns 134,129 shares of the company’s stock worth $4,846,000 after acquiring an additional 15,743 shares during the last quarter. Next Level Private LLC boosted its holdings in AB Short Duration High Yield ETF by 132.1% during the 3rd quarter. Next Level Private LLC now owns 28,751 shares of the company’s stock valued at $1,035,000 after acquiring an additional 16,366 shares during the period. Wagner Wealth Management LLC boosted its holdings in AB Short Duration High Yield ETF by 80.1% during the 3rd quarter. Wagner Wealth Management LLC now owns 849,417 shares of the company’s stock valued at $30,689,000 after acquiring an additional 377,831 shares during the period. Finally, Greenwood Capital Associates LLC bought a new position in AB Short Duration High Yield ETF in the 3rd quarter valued at $308,000.

AB Short Duration High Yield ETF Trading Up 0.1%

SYFI stock opened at $36.11 on Friday. AB Short Duration High Yield ETF has a twelve month low of $33.50 and a twelve month high of $36.29. The business’s fifty day simple moving average is $35.96 and its two-hundred day simple moving average is $35.96.

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.