TME Financial Inc. Buys Shares of 34,621 AB Short Duration High Yield ETF $SYFI

TME Financial Inc. acquired a new position in AB Short Duration High Yield ETF (NYSEARCA:SYFI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,621 shares of the company’s stock, valued at approximately $1,245,000. AB Short Duration High Yield ETF makes up 1.0% of TME Financial Inc.’s investment portfolio, making the stock its 28th largest position. TME Financial Inc. owned 0.16% of AB Short Duration High Yield ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in AB Short Duration High Yield ETF by 1,654.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock worth $36,003,000 after buying an additional 955,288 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of AB Short Duration High Yield ETF by 8.4% in the 1st quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock valued at $174,713,000 after acquiring an additional 379,233 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of AB Short Duration High Yield ETF in the 2nd quarter valued at about $10,656,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AB Short Duration High Yield ETF by 259.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 302,908 shares of the company’s stock valued at $10,856,000 after acquiring an additional 218,596 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of AB Short Duration High Yield ETF by 199.7% in the 1st quarter. Private Advisor Group LLC now owns 186,180 shares of the company’s stock valued at $6,617,000 after acquiring an additional 124,058 shares during the last quarter.

AB Short Duration High Yield ETF Stock Down 0.1%

Shares of NYSEARCA:SYFI opened at $35.70 on Wednesday. AB Short Duration High Yield ETF has a 12 month low of $33.50 and a 12 month high of $36.29. The company has a 50-day moving average price of $36.02 and a 200 day moving average price of $35.80.

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.