Royal Bank of Canada Has $53.14 Million Holdings in AB Short Duration High Yield ETF $SYFI

Royal Bank of Canada grew its holdings in AB Short Duration High Yield ETF (NYSEARCA:SYFI) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,496,093 shares of the company’s stock after purchasing an additional 34,580 shares during the quarter. Royal Bank of Canada owned approximately 6.06% of AB Short Duration High Yield ETF worth $53,142,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SYFI. Goldman Sachs Group Inc. grew its holdings in AB Short Duration High Yield ETF by 1,654.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock worth $36,003,000 after acquiring an additional 955,288 shares during the period. Jane Street Group LLC boosted its position in shares of AB Short Duration High Yield ETF by 384.7% in the 1st quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock worth $3,091,000 after purchasing an additional 69,024 shares during the last quarter. Bank of America Corp DE boosted its position in shares of AB Short Duration High Yield ETF by 94.8% in the 2nd quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after purchasing an additional 747,816 shares during the last quarter. IHT Wealth Management LLC grew its stake 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 purchasing an additional 1,073 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of AB Short Duration High Yield ETF by 8.2% during the second quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock worth $700,000 after purchasing an additional 1,483 shares during the period.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA SYFI opened at $35.66 on Monday. The stock has a 50-day simple moving average of $35.65 and a 200 day simple moving average of $35.72. AB Short Duration High Yield ETF has a 12 month low of $35.11 and a 12 month 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.