Truist Financial Corp Reduces Stake in AB Short Duration High Yield ETF $SYFI

Truist Financial Corp cut its stake in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,555 shares of the company’s stock after selling 18,822 shares during the period. Truist Financial Corp owned 0.61% of AB Short Duration High Yield ETF worth $4,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYFI. Goldman Sachs Group Inc. grew its stake in 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 valued at $36,003,000 after acquiring an additional 955,288 shares in the last quarter. Wagner Wealth Management LLC bought a new position in AB Short Duration High Yield ETF in the 1st quarter valued at $17,361,000. Alliancebernstein L.P. grew its position in shares of AB Short Duration High Yield ETF by 8.4% during the 1st quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock valued at $174,713,000 after purchasing an additional 379,233 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AB Short Duration High Yield ETF by 259.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 302,908 shares of the company’s stock worth $10,856,000 after purchasing an additional 218,596 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of AB Short Duration High Yield ETF by 199.7% in the first quarter. Private Advisor Group LLC now owns 186,180 shares of the company’s stock worth $6,617,000 after buying an additional 124,058 shares in the last quarter.

AB Short Duration High Yield ETF Stock Performance

AB Short Duration High Yield ETF stock opened at $35.93 on Wednesday. AB Short Duration High Yield ETF has a 52 week low of $33.50 and a 52 week high of $36.29. The business has a 50-day simple moving average of $36.03 and a 200 day simple moving average of $35.66.

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.