PNC Financial Services Group Inc. lessened its stake in AB Short Duration High Yield ETF (NYSEARCA:SYFI – Free Report) by 79.1% in the 1st quarter, Holdings Channel reports. The firm owned 7,515 shares of the company’s stock after selling 28,501 shares during the period. PNC Financial Services Group Inc.’s holdings in AB Short Duration High Yield ETF were worth $267,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its stake in AB Short Duration High Yield ETF by 628.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after purchasing an additional 767 shares in the last quarter. Colonial Trust Advisors grew its stake in shares of AB Short Duration High Yield ETF by 103.3% in the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after buying an additional 1,575 shares in the last quarter. World Investment Advisors acquired a new stake in shares of AB Short Duration High Yield ETF in the fourth quarter valued at $203,000. Captrust Financial Advisors acquired a new stake in shares of AB Short Duration High Yield ETF in the fourth quarter valued at $216,000. Finally, Centerpoint Advisory Group raised its holdings 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 valued at $229,000 after buying an additional 670 shares during the period.
AB Short Duration High Yield ETF Price Performance
SYFI opened at $35.58 on Friday. The stock’s 50-day moving average price is $35.64 and its 200 day moving average price is $35.71. AB Short Duration High Yield ETF has a 12-month low of $35.11 and a 12-month high of $36.28.
AB Short Duration High Yield ETF Company 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.
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Want to see what other hedge funds are holding SYFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AB Short Duration High Yield ETF (NYSEARCA:SYFI – Free Report).
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