Fifth Third Bancorp Takes Position in AB Short Duration High Yield ETF $SYFI

Fifth Third Bancorp acquired a new position in AB Short Duration High Yield ETF (NYSEARCA:SYFI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,946 shares of the company’s stock, valued at approximately $1,596,000. Fifth Third Bancorp owned 0.18% of AB Short Duration High Yield ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYFI. Goldman Sachs Group Inc. lifted its stake in AB Short Duration High Yield ETF by 1,654.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after buying an additional 955,288 shares in the last quarter. Jane Street Group LLC increased its position in shares of AB Short Duration High Yield ETF by 384.7% during the first quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock worth $3,091,000 after acquiring an additional 69,024 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of AB Short Duration High Yield ETF by 94.8% during the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after acquiring an additional 747,816 shares during the period. IHT Wealth Management LLC raised its holdings in shares of AB Short Duration High Yield ETF by 12.9% during the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock worth $338,000 after acquiring an additional 1,073 shares during the period. Finally, MML Investors Services LLC lifted its position in AB Short Duration High Yield ETF by 8.2% in the 2nd quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock valued at $700,000 after acquiring an additional 1,483 shares in the last quarter.

AB Short Duration High Yield ETF Stock Down 0.2%

Shares of NYSEARCA SYFI opened at $35.52 on Friday. The company has a fifty day moving average price of $35.66 and a 200 day moving average price of $35.74. AB Short Duration High Yield ETF has a 1-year low of $35.11 and a 1-year high of $36.28.

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.