Cambridge Investment Research Advisors Inc. Sells 51,072 Shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI)

Cambridge Investment Research Advisors Inc. lessened its holdings in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 89.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,708 shares of the company’s stock after selling 51,072 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in AB Short Duration High Yield ETF were worth $203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in AB Short Duration High Yield ETF by 10.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 84,312 shares of the company’s stock worth $2,996,000 after purchasing an additional 8,158 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of AB Short Duration High Yield ETF by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,506 shares of the company’s stock worth $232,000 after acquiring an additional 282 shares in the last quarter. Wells Fargo & Company MN bought a new position in shares of AB Short Duration High Yield ETF during the 4th quarter worth approximately $63,000. LPL Financial LLC lifted its position in AB Short Duration High Yield ETF by 2.9% during the fourth quarter. LPL Financial LLC now owns 1,961,046 shares of the company’s stock valued at $69,950,000 after acquiring an additional 55,857 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in AB Short Duration High Yield ETF by 11.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 125,017 shares of the company’s stock valued at $4,459,000 after acquiring an additional 12,573 shares in the last quarter.

AB Short Duration High Yield ETF Stock Performance

Shares of SYFI stock opened at $35.78 on Tuesday. AB Short Duration High Yield ETF has a fifty-two week low of $33.50 and a fifty-two week high of $36.29. The stock’s 50-day simple moving average is $35.59 and its 200-day simple moving average is $35.61.

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.