Fifth Third Bancorp Invests $1.60 Million in AB Short Duration High Yield ETF $SYFI

Fifth Third Bancorp bought a new position in shares of AB Short Duration High Yield ETF (NYSEARCA:SYFI) during the 1st quarter, Holdings Channel reports. The institutional investor bought 44,946 shares of the company’s stock, valued at approximately $1,596,000.

Other large investors have also recently bought and sold shares of the company. UBS Group AG grew its stake in AB Short Duration High Yield ETF by 1.5% in the fourth quarter. UBS Group AG now owns 2,196,535 shares of the company’s stock valued at $78,922,000 after purchasing an additional 32,838 shares in the last quarter. Bank of America Corp DE raised its stake in shares of AB Short Duration High Yield ETF by 7.9% during the 3rd quarter. Bank of America Corp DE now owns 1,658,210 shares of the company’s stock worth $59,911,000 after purchasing an additional 121,176 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of AB Short Duration High Yield ETF by 39.0% in the 4th quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock valued at $52,513,000 after buying an additional 410,370 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of AB Short Duration High Yield ETF by 9.9% in the first quarter. Wagner Wealth Management LLC now owns 1,238,146 shares of the company’s stock valued at $43,979,000 after buying an additional 111,191 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of AB Short Duration High Yield ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 1,166,323 shares of the company’s stock valued at $41,906,000 after buying an additional 20,708 shares in the last quarter.

AB Short Duration High Yield ETF Price Performance

Shares of SYFI opened at $35.52 on Friday. The firm has a 50-day moving average of $35.66 and a 200-day moving average of $35.74. AB Short Duration High Yield ETF has a one year low of $35.11 and a one year high of $36.28.

AB Short Duration High Yield ETF Company 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.