Alliancebernstein L.P. Sells 56,266 Shares of AB Short Duration High Yield ETF $SYFI

Alliancebernstein L.P. trimmed its holdings in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,487,808 shares of the company’s stock after selling 56,266 shares during the quarter. Alliancebernstein L.P. owned 19.60% of AB Short Duration High Yield ETF worth $162,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Colonial Trust Advisors purchased a new stake in AB Short Duration High Yield ETF during the second quarter valued at approximately $55,000. Strategic Family Wealth Counselors L.L.C. purchased a new position in shares of AB Short Duration High Yield ETF in the 3rd quarter worth approximately $201,000. Centerpoint Advisory Group purchased a new position in shares of AB Short Duration High Yield ETF in the 3rd quarter worth approximately $206,000. First Heartland Consultants Inc. bought a new position in shares of AB Short Duration High Yield ETF during the 3rd quarter valued at approximately $288,000. Finally, Greenwood Capital Associates LLC bought a new position in shares of AB Short Duration High Yield ETF during the 3rd quarter valued at approximately $308,000.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA:SYFI opened at $35.44 on Tuesday. The stock’s fifty day moving average is $35.90 and its 200 day moving average is $35.94. AB Short Duration High Yield ETF has a fifty-two week low of $33.50 and a fifty-two week high of $36.28.

AB Short Duration High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1731 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.