Beto Financial Group LLC Acquires New Stake in AB Short Duration Income ETF $SDFI

Beto Financial Group LLC acquired a new stake in AB Short Duration Income ETF (NYSEARCA:SDFI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 68,838 shares of the company’s stock, valued at approximately $2,460,000. AB Short Duration Income ETF comprises 1.7% of Beto Financial Group LLC’s investment portfolio, making the stock its 17th largest position.

Several other institutional investors have also bought and sold shares of SDFI. Alliancebernstein L.P. lifted its stake in AB Short Duration Income ETF by 14.4% in the third quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock valued at $112,876,000 after purchasing an additional 394,730 shares during the last quarter. Jane Street Group LLC lifted its stake in AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after purchasing an additional 38,906 shares during the last quarter. World Investment Advisors purchased a new position in AB Short Duration Income ETF in the fourth quarter valued at approximately $300,000. Wagner Wealth Management LLC purchased a new position in AB Short Duration Income ETF in the fourth quarter valued at approximately $117,000. Finally, Envestnet Asset Management Inc. lifted its stake in AB Short Duration Income ETF by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after purchasing an additional 1,997 shares during the last quarter.

AB Short Duration Income ETF Trading Down 0.5%

AB Short Duration Income ETF stock opened at $35.47 on Tuesday. AB Short Duration Income ETF has a 12 month low of $35.00 and a 12 month high of $36.15. The business’s 50 day simple moving average is $35.59 and its 200 day simple moving average is $35.75. The company has a market cap of $163.16 million, a price-to-earnings ratio of 10.94 and a beta of 0.05.

AB Short Duration Income ETF Company Profile

The AB Short Duration Income ETF (SDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and foreign income-producing fixed income securities with various credit ratings and maturities. It aims to maintain a dollar-weighted average portfolio duration of less than three years. SDFI was launched on Dec 12, 2018 and is issued by AB Funds.